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ginlin84

FCX - Trend Retracement Reversal (Etoro Portfolio)

Freeport-McMoRan, Inc. (NYSE:FCX)  
ginlin84  
NYSE:FCX   Freeport-McMoRan, Inc.
Technical Indicators Trend Analysis Chart Patterns FCX reversalpattern trendreversal
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indicator trendanalysis chartpattern fcx reversalpattern trendreversal

Since price cross MA30 @June 2020 in weekly, it is in a strong uptrend. Price is reversed nearby MA50 (blue line) appeared a price rejection (pin bar).

Next day one white soldier candle as confirmation day, stochastic oscillator indicator shown price at oversold range moving average line is toward up direction.

I have a position, and look for 2R profit.

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