Looks bullish as it has broken out of macro symmetrical triangle pttn......1st tgt.=39 level which is the 38% Fib ret. from the 01/11' macro downtrend & 2nd tgt.=43 level which is the 50% Fib.
The miners have had a nice bounce recently but none of them can compare to the apparent trend reversal for Freeport Mcmoran (FCX). The great run that started in late June has left many investors behind, causing them to watch with envy and hope for a pullback to buy. Such a pullback could be right around the corner as FCX is coming up on overhead resistance as...
This is a long term chart pattern. It needs to break out the downside trendline
Perhaps a bit early, but I think the overbought status allows a sale.
Bunch of unfilled gaps. Money coming into the material sector