FCX - We had a great month, can we continue with the uptrend?

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!