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
Freeport Mcmoran 2008 replay ?Head and shoulders along with weekly MACD... 2008 Vibes!Shortby JRider960
Weekly Levels : $FCXNext Support and Resistance Area for $FCX Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.by TizyCharts0
FCX. Weekly UpdateBox 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.by TizyCharts0
TBox Updates on $FCXThe price went from the starting box to the bearish box and then back again. Fantastic move. Box still valid.by TizyCharts0
FCX going downFCX topped the right shoulder of the HS, and its down from here folks. Shortby claydoctor0
TBox on $FCXPlaying the test/cross of the ema 21h on the 250h The Ema 50h is there to help in both directions.by TizyCharts0
2/1/23 - FCX Daily (Freeport)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.Longby Markets-Sniper0
Possible 12 Bagger on FCX Puts$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, POC, and various other bearish arguments, see charts below Risks: Downtrend channel could be massive bull flag that we’re about to break out of Price dropping 32% in 4 months is a big ask, let alone 50%. Copper chart 1: Copper chart 2: Main chart before rearranged by publishing process: Shortby Skipper86448
Jan 2023 Elliot Wave Forecast for FCX This chart outlines a perfect Elliot Wave Impulse pattern for the month of January 2023.Long01:15by MikeWalker19650
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 Shortby ContraryTrader118
FCX Bull Flag WatchEyes 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.Longby SoVeryLostUpdated 2
QuickTrade idea n. 232 : FCXI am Bullish above $39.9 with target at $40.71 I am Bearish below $37.76 with target at $36.9by TizyCharts1
$FCX (Sector: $XLB) Long Setup $FCX (Sector: $XLB) 2D-2U QTR 🟢 FTFC 🟢 Short term long targets around 40$Longby CutitupCUpdated 0
Recap : QuickTrade 188 on FCXThe price just triggered the long entry level and moved to the target. MAximum drawdown, 2% EMA 21h as supportLong00:34by TizyCharts0
QuickTrade 188 : FCXIn case of break... Long, looking for a positive test of the 21h on the 50h with a move to previous highs Short, looking for a bearish cross with a move to the gap left open.by TizyCharts0
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. Longby JaredBooysen113
Short idea #1Hey, I think FCX drops, and significantly so. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390Shortby MichaelEugen118183
$FCX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $FCX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%. Longby EPSMomentum1
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.Shortby dRends35Updated 777
FCXA Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend. This bullish pattern can be seen on the following chart Educationby jdouglas020Updated 114
$FCX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $FCX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%. Shortby EPSMomentum110
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. Longby jdouglas020Updated 116