Freeport‑McMoRan (FCX) | Long | Inverse Head & Shoulders + Metal Demand Surge | (June 16, 2025)
1️⃣ Short Insight Summary:
FCX appears to be forming an inverse Head & Shoulders pattern, signaling a potential bullish reversal. Strong fundamentals and rising metal demand align with this technical setup.
2️⃣ Trade Parameters:
• Bias: Long
• Entry: $34 (targeting neckline retest)
• Stop Loss: $30 (below pattern’s right shoulder support)
• Take Profit 1 (TP1): $38–$42 (entry-level resistance)
• Take Profit 2 (TP2): $46–$48 (next resistance band)
• Final Target: $50 (room to let remainder run beyond pattern breakout)
3️⃣ Key Notes:
✅ Company posted ~$0.42 EPS last quarter, with ~$25 B in revenue and ~$2 B net income.
✅ Forward estimates suggest EPS growth through 2027—historically accurate with recent beats.
✅ Beta ~1.075, slightly above market, indicating modest volatility.
✅ FCX is a global player—leading copper, gold, and moly producer across North America, South America, Africa.
✅ Technical structure, supported by trajectory in metal demand, strengthens bullish case.
4️⃣ Optional Follow‑up Note:
Will monitor for confirmation of neckline breakout. If price closes above $38 with volume, consider shifting stop to breakeven and scaling into the position.
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1️⃣ Short Insight Summary:
FCX appears to be forming an inverse Head & Shoulders pattern, signaling a potential bullish reversal. Strong fundamentals and rising metal demand align with this technical setup.
2️⃣ Trade Parameters:
• Bias: Long
• Entry: $34 (targeting neckline retest)
• Stop Loss: $30 (below pattern’s right shoulder support)
• Take Profit 1 (TP1): $38–$42 (entry-level resistance)
• Take Profit 2 (TP2): $46–$48 (next resistance band)
• Final Target: $50 (room to let remainder run beyond pattern breakout)
3️⃣ Key Notes:
✅ Company posted ~$0.42 EPS last quarter, with ~$25 B in revenue and ~$2 B net income.
✅ Forward estimates suggest EPS growth through 2027—historically accurate with recent beats.
✅ Beta ~1.075, slightly above market, indicating modest volatility.
✅ FCX is a global player—leading copper, gold, and moly producer across North America, South America, Africa.
✅ Technical structure, supported by trajectory in metal demand, strengthens bullish case.
4️⃣ Optional Follow‑up Note:
Will monitor for confirmation of neckline breakout. If price closes above $38 with volume, consider shifting stop to breakeven and scaling into the position.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.