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jameswongg

FCX reversal up

Long
Freeport-McMoRan, Inc. (NYSE:FCX)  
jameswongg  
NYSE:FCX   Freeport-McMoRan, Inc.
Trend Analysis Support and Resistance Fibonacci
1
0
trendanalysis supportandresistance fibonacci
Y1>Y2 = weak downtrend
got power up
CDE = T1<T2
fib @ 1.618
W&R success = reversal up

It is a weak downtrend with no power down. Fibonacci hit up, not hit down.
W&R succeeded. Trend is about the reverse up. With Pattern C at the bottom.

TP @ 31.84
SL @ 8.50




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