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FREEPORT-MCMORAN INC CEDEAR EACH 3 REP 1 ORD SHSFREEPORT-MCMORAN INC CEDEAR EACH 3 REP 1 ORD SHSFREEPORT-MCMORAN INC CEDEAR EACH 3 REP 1 ORD SHS

FREEPORT-MCMORAN INC CEDEAR EACH 3 REP 1 ORD SHS

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FCX trade ideas

FCX will take a hair cut 2023Whenever 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 2008 In the next few weeks expect FCX to trade in the Range of 37-45 to round that right shoulder off. Earnings is JAN 23 wink
NYSE:FCXShort
by ContraryTrader
1
Industrial Metals: Copper the king of green metals!I have a long-term positive outlook on the industrial metal sector given the increase in demand towards the electrification of the world. I expect a dampening in shorter-term prospect however a renewed surge to fresh record high's in the new year by miners around the world, most notably from Central and South America as well as Africa. This will lead to copper gaining momentum due to electrification of the world (Less dependency on Russia). Massive amounts of new copper is needed in the years ahead for the power grids to cope, we are already seeing producers like Chile, the world’s biggest supplier of copper, struggling to meet production targets. China’s slowdown is viewed as temporary and the economic boost through stimulus measures is likely to focus on infrastructure and electrification—both areas that will require industrial metals. I have chosen Freeport-McMoRan Inc. as my trade idea, often called Freeport. Freeport is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, is a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia. FCX is looking strong with a strong financial situation and growing Inventories at good levels. Copper demand is increasing, electrification around the world will continue into the future.
NYSE:FCXLong
by JaredBooysen
1
FCX - Another Simple ShortFCX appears to be resuming the dminant trend into the next wave down after falling out of this corrective ascending channel. Topped at log 0.382 retracement from the top - very typical for a weak correction connecting 2 impulsive waves. Also topped printing a shakeout reversal pattern through 4H200MA and also fell through 4H50MA to print a heavy momentum candle to confirm trend change. It may drift or fall - its hitting the 50DMA as support today so could be a bounce perhaps to re-test the lower trendline. But this one has a long way down (I think). Not advice.
NYSE:FCXShort
by dRends35
7
FCXThe technical pattern is easy to understand the initial shock to lower prices in the $34 area bottom and the bounce off the bottom and now we must digest. The fundamental analysis is also very easy to understand, with recession we see lower copper demand and hence prices. B ut we are dealing with the largest copper miner in the world and we should have expected the drop and when the turn came we should have bought. We should ride the trend until the MA crosses over.
NYSE:FCXLong
by jdouglas020
1
Freeport McMoran Strong Future PositionFreeport-McMoRan's relatively strong position significant producing assets in the U.S. and Indonesia and expansion opportunities puts it in a somewhat stronger position. In short, the outlook for copper prices is good They are forecasting steady annual sales growth. 2023 is expected to be an even stronger year than 2022, and 2024 is expected to be weaker but still stronger than 2021. This provides a runway for significant sales improvement for the company and continuous income for the company in the upcoming years
NYSE:FCXLong
by TraderMentorX
4
$FCX trade ideaFreeport Morgan is a company that mines for Copper.- Copper miners are poised to benefit the most from the mismatch between mine supply and demand over the next decade, Jefferies says. The market is valuing these companies based on the assumption that we are now at a cyclical peak, but the bank believes that we are in the early stages of a structural bull market, reflecting a lack of supply growth in the industry and demand growth from renewables and electric vehicles. "This is a multi-year story that will gradually play out. Freeport , First Quantum, Glencore and Antofagasta are all highly leveraged to the price of copper and should benefit," Jefferies says. Bullish options activity has been detected for the July dates on 55 and 60 strikes which is a very large move to the upside for this company. The Technical setup is a clean cup and handle on the daily time frame with price currently consolidating above the breakout. Targets are 54, 58, and 60. OptionsSwing Analyst Daniel Betancourt
NYSE:FCXLong
by optionsswing
1