FCX
TA advice needed … could FCX fall hard if the stock market interim top is in today and crash ensues next week due to the deteriorating banks and T-Bills scenarios?
Thanks in advance.
GL
TA advice needed … could FCX fall hard if the stock market interim top is in today and crash ensues next week due to the deteriorating banks and T-Bills scenarios?
Thanks in advance.
GL
It’a all One market
That really helps, Sir Fully!
NOT !!!
I rarely sell commodities stocks for a loss, here I’m close to just being 10-15% down, but would trade for a junior or two.
See Strider’s post.
See the banks’ stress.
Next week are fireworks, IMHO.
FCX may not participate in the fireworks, while some of the juniors might.
Hence the advice sought.
GL
Asking for a friend right?
Of course it could. Copper enjoyed the hype run up as oil did. But now entering into a recession copper use WILL decrease for a period. So lets look at the chart. It is below a now declining 30 W EMA and stochastic headed down. IMHO its a sell.
https://stockcharts.com/h-sc/ui?s=FCX
Yes, asking for a friend named Gold Learner 🙂
I was keen to sell it partly.
On Monday, if it even rises by a penny above today’s intraday high, 36.72, I will definitely sell some, and share here.
May God bless the Tent.
Cheers,
GL
Additionally, the H&S is quite prominent and broad.