FCX on a very decisive level
FCX closed right on support of the lower trend line as shown. Price moving above from here would mean FCX has started a leg up after being beaten down. If comes down it would mean it sees prices 8.88 or 7.50.
Can go long at this point for a good R/R. MACD is falling which is not bullish and MA's are again falling which is again not bullish. Right at lower bollinger band which have provided support previously on many occasions. Monday's close would be telling.
Can go long at this point for a good R/R. MACD is falling which is not bullish and MA's are again falling which is again not bullish. Right at lower bollinger band which have provided support previously on many occasions. Monday's close would be telling.
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