See how the Bullish Flag is playing out for FCX. View live chart.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Market participants tracking Freeport-McMoRan should note the latest formation. With a last close of $62.71, volatility remains active (1.08%). Price action has carved out a classic **Bullish Flag**. The trend indicator is reading 5.2/100, suggesting moderate momentum. A potential breakout level is identified at **$69.44**, targeting **$100.13** with support near **$58.23** (R:R 2.74).
What is your outlook on FCX?