See how the Rounding Bottom is playing out for FCX. View live chart.
Gradual reversal from bearish to bullish.
Market participants tracking Freeport-McMoRan should note the latest formation. Price has moved to $61.38 (0.29%) amidst recent volatility. The primary technical feature is a Rounding Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $69.75, targeting $88.71 with support near $60.27 (R:R 2.0).
What is your outlook on FCX?