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gmaster29

COPX - Multi Year Consolidation - Cup and Handle pattern

Long
Global X Copper Miners ETF (AMEX:COPX)  
gmaster29  
AMEX:COPX   Global X Copper Miners ETF
Trend Analysis
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trendanalysis
Copper miners in a long term consolidation phase since it hit its peak in 2011. Eventually it's forming a cup and handle pattern. Expect COPX to test the $47 level strong resistance in next 9-15 months, eventually getting into a multi year bullish breakout crushing all hit highs.
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