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tackermann6371

FCX breaks upper R from 2014 with accelerating uptrend

Long
Freeport-McMoRan, Inc. (NYSE:FCX)  
tackermann6371  
NYSE:FCX   Freeport-McMoRan, Inc.
Trend Analysis Chart Patterns Technical Indicators FCX breakout
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trendanalysis chartpattern indicator fcx breakout
FCX took a bold move above upper R line. I want to see more volume for a move like this to confirm so I will wait to see how serious the bulls are.

R line is from 2014 at a previous peak. Trend is accelerating and well established. RSI peaks are divergent with price. Makes me hesitate. Might be corrected with new peak formed from breakage.

Wait for bull buy in and increased volume.
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