Bull Call FCX - FreePort McMoran Inc.for 15 Nov'24 Buy Call 50 Sell Call 65 Return/Risk - 1.5Longby delden13
FCX1Y RSI is trending down. MFI is relatively stable sitting between the 25 and 75 range. 5Y RSI is low and almost oversold. MFI is trending down. ALL RSI is falling. MFI is falling. There are gaps around $5-$6. Prediction: The indicators are bearish. We will fall towards the $5-$6 range. For my educational purpose, not to be used as financial advice.Shortby Kyo026Updated 0
FCX potential buy setupReasons for bullish bias: - Price has given triangle breakout - Previously a bullish trend, it most likely would continue - No divergence Here are the recommended trading levels: Entry Level(CMP): 43.46 Stop Loss Level: 35.72 Take Profit Level 1: 51.2 Take Profit Level 2: 58.94 Take Profit Level 3: OpenLongby TradeWithParasUpdated 1
FCX: Great Run, Take Your Profits, get ready to reloadNYSE:FCX has had a great run following the recent commodity cycle and global volatility run-up across the commodity spectrum: oil, E&P, GOLD, and fuels. *The Take* In the dynamic world of international mining, Freeport-McMoRan stands out as a beacon of resilience and growth. Amidst the ebb and flow of commodity cycles and global market volatility, NYSE:FCX has demonstrated remarkable strength, reaching impressive highs that reflect the company's robust strategy and adaptability. The company maintains revenues, works down debt, and maintains profitability. As we navigate through these turbulent times, it's essential to recognize the opportunities that volatility presents. For those who have been part of NYSE:FCX 's journey, now may be a prudent moment to capitalize on the gains. Taking some profits and selling into strength not only secures your hard-earned returns but also positions you to take advantage of potential future entry points. Looking ahead, the commodity cycle is expected to maintain its volatile nature. This unpredictability, while challenging, also opens doors for strategic maneuvers. By reducing exposure at peak levels, investors can prepare to reload on positions when the market corrects itself, particularly in the $26 to $38 range, where value meets opportunity. The global landscape is ever-changing, with factors such as the ongoing Russia/Ukraine conflict, the economic recovery in the Eurozone and Asia-Pacific, and China's anticipated return to the global stage, all playing pivotal roles in shaping market dynamics. As inflationary pressures begin to normalize, albeit at a decelerating rate, it's crucial to stay vigilant and ready to adapt. Freeport-McMoRan's journey is far from over. The company is well-positioned to continue riding the wave of global recovery, leveraging its strategic insights and operational excellence. By staying informed and agile, investors can look forward to not just weathering the storm but thriving in the sunshine that follows. #Commodities #Mining #InvestmentStrategy #MarketVolatility #EconomicRecovery #GlobalMarkets #FCX by kocurekc2
freeport-mcmoran priced in copperThere are some great opportunities out there if you got your eyes open! For example, what #FreeportMcMoRan is doing versus #Copper is what gold & silver #miners should be doing versus the precious metals, which they are not! NYSE:FCX AMEX:COPX NYSE:HG #gold #silverby Badcharts0
FCX LONGStrength is switching from Tech to Commodity stocks FCX is gaining stregth relative to other commodity stocks Longby SouthTropUpdated 1
$FCX - Breaking outNYSE:FCX is breaking out! But I will look to enter on trendline check back. The measured move is $60.Longby PaperBozz114
FCX Long - US Mkt. Trade #1 for 3-18This trade idea assumes that the unusual range move signals a higher probability of a trend continuation, even if there is a short-term reversal. The Edge Finder software suggests that a Limit order of 44.78 on FCX with a 5% stop and a 5% target, a trade which normally has a 50% probability of winning or losing, has historically won 73% of the time in an average of 10 daysby gordonscottcmt0
About to break out of baseFCX has been consolidating for over a year and is building a nice cup base. On Thursday it gapped up to stay above the 50 EMA and is still holding. The bottom of this base is probably in. Great for long term swing.Longby TraderBwater0
Possible Long Trade for FCX-FreeportI prefer to go long on NYSE:FCX because of my CAPITALCOM:COPPER expectation ( ). In 2024 growth might slow a bit but with the rate cut expectations looming, Freeport might give some buying oppurtunity as long as S&P 500 entered a bear mode. I don't expect a breakout at the key 46.50 top however. I think 2.71 R/R ratio is good enough for a trade like this.Longby orancapital0
Freeport-McMoRan's Golden Surge: A Deep Dive into Q4 Earnings Freeport-McMoRan (NYSE: NYSE:FCX ) has recently reported a robust performance in its fourth-quarter earnings, surpassing Wall Street estimates and revealing a 10% increase in gold production for the year 2023. This article explores the key highlights from Freeport's financial report, analyzes the factors contributing to its success, and delves into the company's outlook for the future. Strong Financial Performance: Freeport-McMoRan's Q4 net income of $388 million or $0.27 per share exceeded analysts' expectations, showcasing a resilient performance despite challenging market conditions. The company's adjusted net income of $393 million further underlines its financial strength. Revenue Growth and Production Boost: The company reported a revenue of $5.905 billion for the October to December period, marking a notable increase from the previous year. Freeport attributes this growth to a substantial increase in copper production, with 1.095 billion pounds mined in Q4 2023 compared to 1.070 billion pounds in the same quarter of 2022. Gold Production Surge: Freeport's gold production witnessed a remarkable surge, with 573,000 ounces produced in Q4 2023 compared to 472,000 ounces in the same period of 2022. The annual gold production of 1.993 million ounces in 2023 reflects a strategic focus on diversification and capitalizing on the robust gold market. CEO's Optimistic Outlook: Freeport-McMoRan's ( NYSE:FCX ) CEO, Richard Adkerson, expressed optimism about the company's future, emphasizing a focus on operational excellence and investment plans. Adkerson highlighted the team's success in 2023 and outlined strategic initiatives for 2024, with a commitment to enhancing the long-term value of the company's assets. 2024 Projections and Market Impact: The company projects consistent copper production in 2024 and anticipates further growth in gold. Consolidated sales volumes are expected to reach 4.1 billion pounds of copper and 2.0 million ounces of gold. The positive outlook has contributed to a rally in NYSE:FCX stock, with a 5.9% gain and a breach above key moving averages. Cost Management and Capital Expenditure: Freeport-McMoRan remains committed to cost discipline, projecting an average cost of $1.60 per pound of copper in 2024. Additionally, capital expenditures are expected to decrease to $4.6 billion, reflecting prudent financial management and the nearing completion of the Indonesia smelter. Technical Analysis and Investor Sentiment: NYSE:FCX stock's impressive rally, reaching a 5.9% gain, indicates positive investor sentiment. NYSE:FCX is in a potential bullish trend, with the stock surpassing the converged 50- and 200-day moving averages. The emergence of a handle with a buy point at 43.42 further adds to the intrigue for potential investors. Conclusion: Freeport-McMoRan's ( NYSE:FCX ) stellar Q4 performance, driven by increased copper and gold production, sets the stage for a promising 2024. CEO Richard Adkerson's optimistic outlook, coupled with prudent cost management and strategic initiatives, positions the company for sustained growth. As global economic conditions evolve, Freeport-McMoRan's success becomes not only a testament to its operational excellence but also a beacon for investors seeking opportunities in the mining sector.Longby DEXWireNews2
FCX Freeport-McMoRan Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FCX Freeport-McMoRan prior to the earnings report this week, I would consider purchasing the 38usd strike price at the money Puts with an expiration date of 2024-2-2, for a premium of approximately $1.29. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Shortby TopgOptions1
FreeportMcMoran (FCX) in Renko block size 0.50 Traditional.It looks like this chart has the chance to breakout further after making a double bottom this summer.... 2nd Post, am I doing this right ?????? lol by sahall2150
FCX - Bullish OpportunityFCX took out the previous lows, taking out some stops, collecting liquidity, and now potentially pushing higher. at least momentarily. Longby EBGtraderUpdated 0
FCX: Monthly Diamond Top Bearish Break Down FCX has formed and confirmed the break down of a Diamond Top pattern and looks to be preparing to come down to around $14, which would align with the 0.786 Fibonacci Retrace. I suspect many other mining stocks will also go down pretty significantly with this.Shortby RizeSenpai1
Short FCXLast week I have some puts on FCX. now I look back to this stock and see the huge short potential on this underlying. Based on my estimations as soon as it can not break above the channel, it is likely to test 200 MA below Shortby orkhanrustamovUpdated 1
FCX - Shooting Star There is a shooting star on daily and then we can also see a volume reversal which might give the bears a chance to get in. *Not financial advice *Do your own diligence Shortby Exposed_Money0
#FCX trade range up to 15-Sep-23The 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. Use them in combination with our own strategy, not in alone. Our goal is to demonstrate to retail traders how Smart Money is using methods and trades to make more profits with less risk. We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!by ClashChartsTeam2
$FCX - Inside symmetrical triangle NYSE:FCX Inside symmetrical triangle and bounced off of the $33 support area. Targets - $41, $44, $50 Downside risk - $31.65. I am long. 💥🚀💰Longby PaperBozz2
TRIANGLE BREAKOUT SHORT FCX Triangle breakout downwards took a trade to short. Breakout with strong candle good volume towards the end of triangle KIV results. Shortby ZanderGoh0
Inverse H&STodays earning were good and chart made clear inverse H&S Looking at 46 as potential targetLongby abigreenUpdated 116
FCX at a forkI 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 by ContraryTrader6