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Freeport-McMoRan, Inc.Freeport-McMoRan, Inc.Freeport-McMoRan, Inc.

Freeport-McMoRan, Inc.

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FCX sin fuerzas para definir por ahora. FCX contra resistencia de la cuña bajista de corto plazo que se mueve dentro de un movimiento bajista de más largo plazo. Mientras mantenga la zona de 10.20/10.10 aún quedarán chances de romper al alza para ir a buscar los 12/12.15. Si no puede mantenerse por encima de este soporte inmediato, es muy probable que vaya a la zona de soportes de mayor importancia en los 9.60/9.50. La salida alcista se daría sobre los 10.80 y la confirmación arriba de 11. Los indicadores muestran dudas. El RSI aceleró más que el precio en las últimas ruedas pero con freno en la zona de ingreso a sobrecompra. MACD se mantiene al alza pero recprtando el histograma. Estando comprado, vendería contra resistencia y espero resolución. Estando afuera, compro con la confirmación encima de 11 o llegando a la zona de soporte más importante en los 9.60/9.50.
NYSE:FCX
by tttcapital
FCX copper about to make a bull run?I received a tip from a Hedge Fund Manager that this stock will go up to $50. I did research on Fidility, Schwab, TDAmeritrade, and Ally on this stock. They all say: most said HOLD, some BUY, and few said SELL. I'm moving my money from my cannabis stocks to this one. It's earnings is coming out 24th of this month, on Wednesday. APHA earnings is coming out 8/1, one of my cannabis stocks. I don't think they are going to outperform copper and gold in next 6 months. I think that Federal Gov will continue to make regulations difficult for this industry. My plan is to scale into FCX. buy some on monday before earnings on wednesday. then depending how it reacts, buy more afterwards. Last earnings was negative, but stock still went higher. It seems like this stock is in an ACCUMULATION stage based on volume analysis. Back in 2008 to 2010, it climbed from $10 to $60. From 2003 to 2009, it had a major bull run with the s&p. Both also tanked during financial crisis. They do not move in tandem. Beta is above 2 (meaning it is twice as volitile compared to S&P. Below shows a chart for this action.
NYSE:FCXLong
by hen322
7
Freeport-McMoran should fall on revised guidanceFreeport McMoran revised its guidance today. The news wasn't all bad, with better productivity than expected, but a lot of it was pretty bleak. The company expects lower copper revenues and higher costs to the tune of hundreds of millions of dollars. The stock broke its upward trendline today, then corrected above the line. It should fall again tomorrow and enter a mid-term downtrend. I don't play short, but hopefully the short sellers among you will find this useful. Please do your own due diligence; this is just an idea as to how the market will move.
NYSE:FCXShort
by ChristopherCarrollSmith
4