TaPlot

$FCX Setting Up a Long Swing Trade

Long
NYSE:FCX   Freeport-McMoRan, Inc.
I've been hesitant sharing $FCX due to how badly OBV is lagging price. BUT few things make it worth considering:
*A/D line doing much better so there is that
* Classic 5 month down trend break (red dotted line) & consolidation pivot
* Gold/Sliver looking like they want 2 rally
* Risk can be tightly controlled with 5% loss which is just below Monday's low

✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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