FCX
Looking for a potential buy!
🔍 Technical Context:
FCX had a tremendous up-beat with 24% increase in the stock just in march!
MACD Bullish Crossover: A clear bullish cross on the MACD confirmed upward momentum.
RSI Strength: The RSI remains in bullish territory, signaling further upside potential.
Favorable Risk-Reward Setup: The stock maintains support above breakout levels, offering an attractive trade opportunity.
📰 Fundamentals
Analyst Upgrades: J.P. Morgan and Scotiabank both issued upgrades and increased their price targets, reflecting confidence in FCX’s future performance.
Tariff Advantage: Potential U.S. tariffs on imported copper could benefit domestic producers like Freeport-McMoRan, increasing their advantage.
Strategic Policy Support: FCX is advocating for copper to be classified as a critical mineral, which could unlock tax credits and boost annual profits by up to $500 million.
📌 Trade Plan
📈 Entry: 41.90
✅ Target: 58.30
❌ SL: 23.90
💡 Looking for a potential 35% increase!
Looking for a potential buy!
🔍 Technical Context:
FCX had a tremendous up-beat with 24% increase in the stock just in march!
MACD Bullish Crossover: A clear bullish cross on the MACD confirmed upward momentum.
RSI Strength: The RSI remains in bullish territory, signaling further upside potential.
Favorable Risk-Reward Setup: The stock maintains support above breakout levels, offering an attractive trade opportunity.
📰 Fundamentals
Analyst Upgrades: J.P. Morgan and Scotiabank both issued upgrades and increased their price targets, reflecting confidence in FCX’s future performance.
Tariff Advantage: Potential U.S. tariffs on imported copper could benefit domestic producers like Freeport-McMoRan, increasing their advantage.
Strategic Policy Support: FCX is advocating for copper to be classified as a critical mineral, which could unlock tax credits and boost annual profits by up to $500 million.
📌 Trade Plan
📈 Entry: 41.90
✅ Target: 58.30
❌ SL: 23.90
💡 Looking for a potential 35% increase!
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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.
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
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.