FIRST QUANTUM MINERALS CORRECTION

In very simple terms, I can see FQM stock price going to my second target levels around 61.8%, we could potentially see the stock price trade around CAD$16.32/share in the next few weeks. On the daily timeframe, price has been trading below the 100 SMA and we could see a continued bearish trend to complete the corrective phase.

Please refer to initial correction forecast in link below.

DISCLAIMER:
This is just an idea and must not be taken as a trading or investment advice in anyway.