ContraryTrader

FCX will take a hair cut 2023

Short
NYSE:FCX   Freeport-McMoRan, Inc.
Whenever yoy here these so called advisor , Start to publicly recommend a sector to invest in , that means it's time to short. They (Institutions ) usually take a position 30% cheaper before they even mention it and by the time they do speak on it they are unloading why you (Retailers) buy the ASK.

That yellow trendline u see is a downtrend starting from 2008

In the next few weeks expect FCX to trade in the Range of 37-45 to round that right shoulder off. Earnings is JAN 23 wink

Idées en relation

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.