FREEPORT-MCMORAN INC NYSE:​FCX

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

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.

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.

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

FCX has been trading in a well defined channel since January 2016. Every bottom test of the channel has been a buying opportunity. Once such opportunity appears to be fast approaching. Coincidentally, the 200 day SMA is hovering near the bottom of the channel. I would feel comfortable going long right around the bottom of the channel/200 day support.

Nice double bottom with 3/4 pullback to the 61.8 retracement. this gives me every indication this is bullish, also conjunction with the trend

Hello all Hope you guys are having a fantastic weekend. Take a look at FCX and see if it is bearish. I overlayed it with AUDUSD. FCX is testing weekly kijun and major breakout level. I'll go long on any reversal signal here. Keep a close eye on audusd. I am watching both. AUDUSD is also on weekly cloud bottom. A breakout here, will be bearish but if it holds, ...

Bullish Cypher with bullish divergence.

I think Freeport McMoRan is in a long-term uptrend and could reach $ 40 in the coming months. Rising copper / gold / molybdenum prices would significantly increase profits and accelerate target achievement.

We are still in a clear uptrend. The corrections are becoming shorter. If this one will end here it will be a clear sign of a continuing rise.

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 ...

The majority of the last 10 ideas look similar. (Price Patterns) (Resistance Breakouts) and in different Industries, from basic materials to Finance Industry. But the pullback is different in each one In this case the pullback is ready with a swing low in progress. The process for share and idea is: * Resistance line breakout * Pullback * Swing low

We are just meeting a resistance. The Fibonacci levels are not yet reached but as this rising support is lasting for half a year already I think that it is worth to take a posion on the trend here.

The supports are holding and we are looking forward for a larger upward correction.

Hi guys. "Often" is more like probable imho. Thank you for taking a look.