See how the Broadening Formation is playing out for FCX. View live chart.
Expanding volatility. Sign of instability.
Gradual reversal from bearish to bullish.
FCX is showing interesting structural developments at $68.27. With a last close of $68.27, volatility remains active (0.35%). The primary technical feature is a Rounding Bottom formation. Volume is average (0.59x avg) with high trend strength (62.9). A potential breakout level is identified at $68.83, targeting $86.87 with support near $59.81 (R:R 2.0).
What is your outlook on FCX?