See how the Descending Triangle is playing out for FCX. View live chart.
Bearish continuation pattern.
Technical analysis of Freeport-McMoRan (FCX) reveals a significant setup. With a last close of $62.6, volatility remains active (-1.42%). Algorithmically, a Descending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $55.86, targeting $39.62 with support near $65.43 (R:R 1.7).
What is your outlook on FCX?