First Quantum Minerals shows an interesting long term chart pattern. On lower timeframes, FM completed its corrective wave (2) at 50% of the fib retracement and price has broken the terminus of wave (1). This provides confirmation that an impulsive wave (3) in now occurring and we could expect the next target levels.
1. CAD$ 58/share
2. CAD$ 74.45
Disclaimer: This technical analysis is intended for educational purposes only and must not be taken as investment advice.
1. CAD$ 58/share
2. CAD$ 74.45
Disclaimer: This technical analysis is intended for educational purposes only and must not be taken as investment advice.
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.
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.