Get started
FREEPORT-MCMORAN INCFREEPORT-MCMORAN INCFREEPORT-MCMORAN INC

FREEPORT-MCMORAN INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

FCX trade ideas

Bearish Triangle on Copper StockFreeport-McMoRan is one of the most actively traded natural-resource stocks. The copper producer has lost about half its value amid the coronavirus selloff, and now the chart may be setting up for further downside. This pattern is a straightforward bearish descending triangle. Support has been around $6.15 since the market bounced last week, but FCX has made lower highs since then. Sellers may get active on a break of $6.15 and look for the downtrend to continue. FCX also has a big debt load, which can weigh on prices when the economy and credit markets are weak. Macro conditions like this are negative for industrial metals like copper .
NYSE:FCXShort
by TradeStation
1
FCX prepare to Long At weekly demand zone Condition: if SPY will go up next Monday morning. Confirmation Entry: Stop/market buy: above 5.75 and below 5.95 Stop: 5.30 Target:8.00 Risk/reward=1:3 This is a trading school homework. I need 6 months to practice my trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate. Sum of my ideas: 1 winner, 1 loser, 1 active, 7 cancelled, 1 pending for condition, 1 analysis only.
NYSE:FCXLong
by PlanTradePlanMM
Freeport-McMoran Testing Long Term Resistance FCX, Freeport McMoran is testing a long term resistance trend-line. Copper has been unfavorable as of late due to the slowdown in Chinese growth. China is the largest buyer of Copper in the global market. However, recently, the dollar down move has been reflationary for commodities in general, with the CRB commodities index rallying. Moreover, Chinese PMI's have recently bounced, alongside Europe and other EM countries. This is all bullish for Copper. Given that it is the last major commodity to turn in this dollar-down short term macro picture, FCX is ripe to break this long term resistance and head to new highs.
NYSE:FCXLong
by MT-Macro
FCX updateNYSE:FCX Revision to previous chart/idea. After earnings, fcx took a dump, thanks to corona virus news, copper prices dropping, and overall index weakness. Not really sure how the market will react to fed day on wed. Assuming its not too bad, i think the bullish pattern continues. FCX is on sale and could be a good long term entry. With production in Indonesia ramping up and a return to bullish copper prices we could easily hit $60 a share in a couple years. On the other hand, if the fed disappoints and virus business continues to spook the market we might be headed to single digits (something that I have been waiting and watching for) before heading back to ATH's. Something tells me we keep the boat afloat a while longer. Playing it day by day. I apologize for the "busy" chart. I am still learning to chart and finding what works for me and what to pay attention to. I have another chart on investing.com that is a bit cleaner if you care to see it. What are your thoughts?
NYSE:FCX
by The_Real_AMF
FCX longShort update. Please reference my first FCX chart for my initial thoughts. The current rally is sitting roughly at 78.6% retracement of the prior move from April 16th of 2019. As you can see we paused a little bit and consolidated after the initial move up from $8.30 (which also resulted in a pause/sideways movement). I'm looking for AT LEAST a movement to the 100% retracement at 14.51 which is currently serving as resistance from Aug-Sept double top. This level also lines up with the 2.272, 2.414, and 2.618 fib cluster extension of the prior swing high-low. I'm looking for a small retracement of the last (second red line) movement. As you can see this movement already flagged a bit and after todays late day pump im expecting a little relief before wednesdays announcement of china trade deal. Assuming things go okay with the signing and whatnot, I think we will at least see the 1.272 or 1.618 extension by spring/summer. One thing to keep in mind is that FCX earnings are on Jan 23rd. Im expecting a small beat or miss. I need to refresh my memory but the prior earnings were a miss or barely beat but the FCX continued upwards on china talks and futures pumping. Earnings are turning around and production is ramping up with the opening of new deep mine in Indonesia. What are your thoughts?
NYSE:FCXLong
by The_Real_AMF
2