Waiting Patiently for FCX PullbackThis is a simple price and volume plan to buy a pullback of Freeport-Mcmoran (FCX). The key is to patiently wait for a test of the high volume breakout that occurred September 2013, using the previous high volume price move to set a stop loss level.NLongby MTstilesJan 22, 20142
Freeport: Flashing LongTechnical developments point to a brightening picture - Shares completed a double bottom reversal on the main ascending trend line for the bullish trend. - Shares broke the descending reisstance for the recent correcion -Shares settles back above the 50-days SMA -Main target at 38.00 and probably higherNLongby TechnicianDec 24, 20133
FCXWait to see if Price gets a bounce off of Support. Top of Kumo. Interesting Price action. It's a HOLD.Nby fiblineDec 2, 20131
FCXLooks bullish as it has broken out of macro symmetrical triangle pttn......1st tgt.=39 level which is the 38% Fib ret. from the 01/11' macro downtrend & 2nd tgt.=43 level which is the 50% Fib.NLongby djflowmasterOct 28, 20131
Correction time for FCXThe miners have had a nice bounce recently but none of them can compare to the apparent trend reversal for Freeport Mcmoran (FCX). The great run that started in late June has left many investors behind, causing them to watch with envy and hope for a pullback to buy. Such a pullback could be right around the corner as FCX is coming up on overhead resistance as well as forming an exhaustion peak 5. If the price does form a short term high, look for an AB=CD pattern down to 34 (strong support). It would also be a 0.382 retracement of the overall bull market move and, if volume dries up, represents an excellent entry point for this leader in the mining sector. NLongby MTstilesOct 27, 20130
FCX"J-Hook" set up. Opening above 34.98 key. Buy Stop set @ 34.99 for Monday. Swing Trade only.NLongby fiblineOct 19, 2013110