Keeping an eye on FCX for the completion of a cup and handle formation breakout. This is a great long-term investment as well, that pays a dividend.
Big consolodation on FCX looking to breakout over 42.. bull mode ? ? yessir
Buy above 41.7 Target of $2.5 being top of previous box Stoploss close below 10Ema
FCX has been Trading in a Consolidation range since October. Expect a false breakout to the upside before falling to the Bottom of the range. Entry $38-$40.00 S/L $42.00 TP1 $36.00 TP2 $35.40 TP3 $33.80 TP4 Open (Inflation)
Like most momentum stocks, FCX is having trouble taking out the ceiling. Its at a pivot of a cup and handle formation now. Volume has been light during the Santa rally but has big potential reward vs a small risk if breakouts begin to work in this market. I would love to see continued relative strength in the setup and big volume confirmation if it can move up...
Freeport-McMoRan, Inc. ( NYSE:FCX ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 60.381B Current Price: $41.13 Breakout price: $41.60 Buy Zone (Top/Bottom Range): $39.00-$36.75 Price Target: $45.90-$46.20 Estimated Duration to Target: 71-80d Contract of Interest: $FCX 3/18/22 45c Trade price as of publish date: $1.93/contract
Aluminum and copper stocks performed well last . FCX was able to finally break that 39$ range. Now we're approaching even tougher resistance here which you can see at 3 different areas. 1. White line - you can see the rejections off of here 2. RSI - You can see similar rejection here 3. fibonacci .236 or 42.62.. All 3 of these resistance will be met at...
Inflation is at its highest level in 40 years yet gold and copper being pretty stagnant investments this year (gold more so than copper). I'm going long on these guys at this price. Financials look good and from what I'm reading 2022 has a bright outlook for shareholders. These guys are going to have loads of cash for stock buybacks and/or dividend increases in...
Potential for a golden cross is here. I have calls - with a tight stoploss. I dont like that we are hovering at the 50 MA. Some risk involved here.
That top bothering me looks like irregular top and we have not completed 4th wave yet ...we will see ..more upside but from lower
Wait for an entry over 39.50 It's been consolidating all summer under 39$ Target ATH
Play retest of the BO of the bull flag................................
NYSE:FCX stop loss : 40 Target: no target. OBV still not quite good.
FCX: Bullish Engulfing on the daily. Price action breaking out of four week consolidation and well formed over key moving averages. Key Levels are identified: 41.70, 43.40. Nice play with time.
FCX Breakout after a sweet consolidation// Beta: 2.06, ATR 1.57
I love FCX. Think about how much copper the green revolution will need. Add that on top of inflation worries and an economy picking up after COVID, a boom caused by new infrastructure friendly fiscal spending, and you've got a good combo for risk/reward on FCX. Am I stoked to be backing up the truck at $40 a share? Not really. I'd prefer a much lower price...
I've been hesitant sharing $FCX due to how badly OBV is lagging price. BUT few things make it worth considering: *A/D line doing much better so there is that * Classic 5 month down trend break (red dotted line) & consolidation pivot * Gold/Sliver looking like they want 2 rally * Risk can be tightly controlled with 5% loss which is just below Monday's low