FREEPORT-MCMORAN, INC. COMMON STOCK NYSE:​FCX

might turn up soon

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.

FCX

FCX is in new uptrend channel after a very long correction.

the short term outlook here is a double top at 20. then a return to the 9 dollar range 2021-2020

Bounce catch the knife- protection with options RSI extrem on all levels- peak volume

FCX, Set buy limit order with other cancels other for target/stop, still learning. Position Size: 0.5% risk for 10k is 100 shares worth $1,550 Sell limit order: 16.50 Buy limit order: 15.50 Stop Loss: 15.00 Time Frame: September 3rd The numbers for the Gartley are not perfect but nothing ever is, lets see what happens.

Chart has details.

Looking good before earnings!

Bearish Shark with bearish divergence.

Oversold indicators, watching for a turn at 15.86 or 15.26. Could have a strong, quick, limited move when it turns. Watching for now...

uptrend in tact. Entry @ 15.37...room to run PT of $20

FREEPORT-MCMORAN MAJOR TREND DOWN for now but approaching 7 year and 7 month long term downtrend line. A breakout of this longterm downtrend line could create a MAJOR TREND UP.

Trader buys more time for Grasberg resolution $FCX $RIO

This 30m chart of FCX shows the stock pin-balling between Fibonacci retracement levels since its drop at the end of April. Look at how well the 38.2%, 50%, and 61.8% levels have acted as short-term resistance/support. I'm counting the rally as an WXY correction into the 61.8% retracement level. Initiating a short position at 17.50 for a move lower.

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 ...

Possible long trade

Wave 5 in progress