The activity of the options market confirms the trading range within the borders shown on the graph. Not surprized. Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance. We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order....
NYSE:FCX Inside symmetrical triangle and bounced off of the $33 support area. Targets - $41, $44, $50 Downside risk - $31.65. I am long. 💥🚀💰
SHORT FCX Triangle breakout downwards took a trade to short. Breakout with strong candle good volume towards the end of triangle KIV results.
Todays earning were good and chart made clear inverse H&S Looking at 46 as potential target
I like trades like this.. the setup makes it hard for a crappy entry or direction. Purple wave - 50sma Gold wave -200sma Long over 41.50 Target 44.00 Short below 39.50 Target 200sma Hate to be a bear but it's looking like a H&S play
Head and shoulders along with weekly MACD... 2008 Vibes!
Next Support and Resistance Area for $FCX Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.
Box overview on the weekly chart of $FCX. $45 as target on the long side $32 as target on the short side if the current box will be broken.
The price went from the starting box to the bearish box and then back again. Fantastic move. Box still valid.
FCX topped the right shoulder of the HS, and its down from here folks.
Playing the test/cross of the ema 21h on the 250h The Ema 50h is there to help in both directions.
FCX is a good company if your a copper and chips follower. I want to post this to see if the H&S plays out over time..... If so Im a buyer.
$35 strike May 19 expiration puts are going for $1.03 right now and I’m thinking of grabbing 10 at $1.00 a piece for a total cost of $1000. Reasons to go short: FCX at upper bound of downtrend channel FCX at horizontal resistance from May 2021 FCX Time cycle suggests top forming within 2 weeks (this trade might be early) Weekly copper chart at 2008 crash level,...
This chart outlines a perfect Elliot Wave Impulse pattern for the month of January 2023.
Whenever yoy here these so called advisor , Start to publicly recommend a sector to invest in , that means it's time to short. They (Institutions ) usually take a position 30% cheaper before they even mention it and by the time they do speak on it they are unloading why you (Retailers) buy the ASK. That yellow trendline u see is a downtrend starting from...
Eyes on this miner for a breakout of a bull flag. 10MA is turned up to form a a bullish cross above 20, PA is above the 200 MA with the 50 crossing it as well.
I am Bullish above $39.9 with target at $40.71 I am Bearish below $37.76 with target at $36.9
$FCX (Sector: $XLB) 2D-2U QTR 🟢 FTFC 🟢 Short term long targets around 40$