EARNINGS WITH A RANK >70/IMPLIED >50: CRM (81/52): Announces on Tuesday after market close. The pictured defined risk setup pays a greater than a one-third of the wing width 1.89 with break evens between the expected and one standard deevy. ANF (68/86): Announces Thursday before market open. The Dec 21st 16 short straddle was paying 3.04 as of Friday close;...
FCX has broken the daily correction. I'm expecting a downtrend continuation. Look to the price action for a potential pullback.
TSX: LUN LUN NYSE:LUNMF LUNMF Lundin Mining is a mid-cap mining company that will benefit from rising cobalt prices and demand. Waiting for bounce off likely 4.55 for entry, or 4.35-4.40 range, and not likely lower $4.06-4.10 Fib retracement. RSI going above 50 with 1w chart shows good entry with lots of scribble correlation. Sorry for the business, I mean...
FCX * Freeport-McCoran Mining LG CAP $19B hurt by copper imports to China and copper prices being low. * FCX also mines Nickel and Cobalt along with copper and both are needed for EV. * HG * LRN * Cobalt value increasing but larger play still copper * VIX For own use and reference for entry.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
The copper trend should commence once overhead resistance is taken out. Wave 3 should bring us to $3.42 per lb before our ultimate target of $3.50 - $3.60 later this year!
After a strong bearish move price has pull back to a key resistance level of 16.70 -17.00. This is a key area to begin watching for bearish price action in the form of bearish pin bar, engulfing bar, evening star, etc. The next key support level below is 14.00 which makes a good profit taking level and could make for an attractive risk/reward scenario. An...
Attempt to storm the key level $ 20. FCX 2.40% is one of the shares, which shows a propensity for growth, against the general background of its slowdown. Two variants of the development of events are shown above in the graph. We will transfer the position to the breakeven, in case of a price delay near the key level. P/E 15.90 Forward P/E 13.86 Open 19.49...
Hi guys. "Often" is more like probable imho. Thank you for taking a look.
Long term charts show previous support and breaks to avoid chasing, even better, all data long term, this broke fast as the weekly slowly rolled over but we can see the -ve divergence on the daily as recent highs were attempted while the RSI failed at 61.8 and the hourly at 50, both declining, if not in on the short before the break, watch your entry as potential...
I'm not in. I got out on 11/14/17. REALLY SAD ABOUT THAt. IF it paid dividends I would have stayed in. BOOOO #buythesalsa
For those playing FCX for the last few weeks / months... Today's gap and candle.. says "pull the plug on shares" If you want to stay in with some protective puts (I would if it paid dividends) feel free too.. I'll BUY To close my Jan covered call today, and sell the shares for approx .5R of a gain.. Not a bullish day to day.. Prob heads back into the 100 SMA...
There are a few Real Life Traders sitting in shares on this one (for a bit) Covered call sale up here worked previously. Let's try it again :-)
I still LOVE FCX on the weekly and I'm a big fan of today's gap.
It's only $100 extra bucks on 1,000 shares, BUT - I'll take it. :-) I wouldn't mind getting called away here. If that happens, would be for around 2R total after everything said and done.