BULLISH PATTERN FCX HOURLYBullish pattern developing in FCX on the hourly chart. Watch for upside breakout!
FCXO34 trade ideas
Looking for a setup on FCXWaiting to see what FCX does here. If it breaks the 13.14 support I'll be looking for it to retest and break higher. If it breaks the trend and goes bearish I'll be looking for a bearish setup. I'm not in any trades on FCX just yet.
$FCX ShortAnother fairly easy and simple short. Don't complicate your trading, just look at the chart. Best of luck to all.
Long FCX here- Daily charts are quite oversold
- Possible double bottom of the old inverse H&S neckline, seems like a support level
- Copper remains in an uptrend after recent 2 month correction
- Buy 13.56, Stop below 13.00
5% of portfolio, 4% risk, portfolio risk 0.2%
If the global economy doesn't implode this should do well long term. If there is a currency crisis this should also do well. Who knows? Seems like good setup here.
Bullish Bat FormingSuggest to buy at SMA 200 levels..around 12.50
Cut loss @ 11.80 levels, TP 14.50
Reasoning :-
1) SMA 100 has broken
2) formation of bullish bat before rebounces
3) upward trendline
FCX - Possible head & shoulder formation, short from $14.83FCX came up in capture in crush scan. It seems forming a head & shoulder formation. It can easily break down to $13.43 area.
* Trade Criteria *
Date First Found- February 16, 2017
Pattern/Why- Head & shoulder, Capturing the crush
Entry Target Criteria- Break of $14.83
Exit Target Criteria- $13.43
Stop Loss Criteria- $15.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
FCXLong 3 units, max from the 15.5 area, stop under the 50 DMA, scale to 10 units, target F16, sell all.
HELD SUPPORT WELL TODAY FOR ADDITIONAL BUYING OPPNOW IT HELD SUPPORT AREA POST EARNINGS, HUGE HAMMER LOOKING TO GO HIGHER TOM
FCX FCX is starting vth wave down for the next 2-3 months to new lows. After that, new up long term trend should begin
"Head" "Shoulders" knees and toes~Classic Head and Shoulders pattern
1 Week chart
Patience will be rewarded
FCX at resitance levelFCX taking off today. Hit a resistance level at 14.85 area. Need to see if it holds.
Trumponomics BouncerThere is a lot of spent and unspent optimism on what Trump will mean to infrastructure spending. I have no idea if it will mean good things to FCX, but I like this set-up
FCX - Inverted Head and Shoulders PatternTo me it looks as though FCX has formed an inverted head and shoulders pattern and is now retesting the neckline. I will be watching for a move higher and consider buying shares or calls.
