FCX is bull flagging with a lot of tailwinds that I won't delve into here. Solid long term play worth a couple rolls.
This chart outlines a perfect Elliot Wave Impulse pattern for the month of January 2023.
The price just triggered the long entry level and moved to the target. MAximum drawdown, 2% EMA 21h as support
After FCX took the key 48 Level with volume, its clear they s/r flipped it and are looking for ATH around 62. Do they get there this week? Watch to see what we think!
Keeping an eye on FCX for the completion of a cup and handle formation breakout. This is a great long-term investment as well, that pays a dividend.
FCX moving towards a finish in wave 3. Looking for a correction then final move in this impulse.