See how the Bullish Flag is playing out for FCX. View live chart.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Reversal pattern. Price likely to break downwards.
FCX is showing interesting structural developments at $68.68. With a last close of $68.68, volatility remains active (-0.55%). The primary technical feature is a Diamond formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $72.28, targeting $86.26 with support near $65.29 (R:R 2.0).
What is your outlook on FCX?