$FCX - Potential trendline bounce
FCX is getting close to checking back the uptrend line. In the past, the trendline has provided reliable support.If the trendline fails to provide support, it could drop to the $37 to $36 area, which would be an ideal entry point.
Knowing that, what would you do? Enter at the trendline checkback or wait for the trendline to break?
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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