FCXO34 trade ideas
FCX ChannelThis stock is a great channel to trade at buy support sell resistance for quick pops, when it breaks out can go long on stock or options but right now trade the range for a channel. Use stock or options and stop under the support
Top of a sidewards ChannelSeems like selling at the top of the sidewards channel is a great idea.
Take profit is the bottom of the channel. Risk Reward is 2.05
Stop Loss : 12.06
Take Profit: 10.34
Have a nice day.
(D) Treading range (10,P pivot). Chop till ema50 is less flat.Divergence from minor bullish channel. Follow your rules.
Freeport: Inverse H&S?The shortterm trend is bullish, the midtermtrend bearish.
Should the stock be able to rise again to the former top at 14.15$ - a H&S would appear. The Minimum of this pattern would be 20.9$, the Maximum 23.8$.
This pattern only is active with Prices > neckline @ 14.15$.
Prices below 9.8 will generate a shortterm selling Signal with TP 8.75$/ 7.5$.
Below that Level, a midterm selling Signal would appear with TP = 3,40!!! ( ok ok.. ;-) - it`s a pure technical view!)
The Zone between 9.8-12 seems to be neutral -here is no action needed.
Good luck
Awaiting FCX's flag resolutionAfter upper trend the trendline is violated and we can see a flag which'd probably give us a good chance to go short, othervise, it'd give a nice opportunity for long.
So,
PLAN A : Bearish breakout. We wait untill the flags bottom line would be violated and then go short.
PLAN B : Bullish breakout. The same as above but vise versa.
FCX - Different perspectiveAs you can see , we need more price action to show us more clean direction.
(D) First potential major bottom. Support near 10 and S2 pivotSolid volume and OBV this year. May continue in its bullish channel with resistance near 15.
Obey your rules
FCX Possibility of going UPWe have 2 options for this instrument:
1st: we can buy now.
2nd: we can wait until the flag will be realized.
We choose 1st option and start buying now.
Recap my bullish view on FCX, mid-long term longRecap my bullish view on FCX, mid-long term long.
This is one of my favorite US stocks in my list for this year.
$FCX Short, breakdown below support w/ bear marketIf the market continues lower from passing below the 50MA on Friday then I will be watching FCX for a short during the breakdown below $10.30 support level. This is mirroring the market being that it has also crossed below the 50MA, will be watching the market to see my move on this one.
$fcx confirm 1hr buy signalconfirm buy signal, reloading from my $11.34 buy signal, buying these dips
