Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
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,...
Hey Its Rifat Again,
Expecting a 7 weeks breakout.. I will take 5% risk for +22% gain.
Entry- $11.63
Target- $14.20 - $15
Stop loss- daily close below $11.23
thank u very much for being with us.
Freeport 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...
Copper and fcx have had a long, relatively tight relationship. how long will division last?
trade deal? I feel like at some point in near future the words trade deal signed will appear in headlines.
Freeport has mirrored the price of copper and on the 4th of January when copper prices pivoted to the upside FCX began its reversal. this stock has loads of room to run to the upside. The only problem we can see is a breakdown in the Trade talks with China.
FCX is approaching our first resistance at 13.62 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level to our major support at 11.53 (horizontal swing low support, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding...
Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.
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FCX
