Freeport-McMoran has room to run $FCX

I was talking about Freeport-McMoran (FCX) showing a significant bottoming pattern with a move over $12 which is the 20 month MA (fair value line of the bollinger bands).

Once it went over $12 it was off to the races and I think it has more run to Run.It is now ABOVE all significant intermediate term resistances and I am looking for $18-$22 as a near term target.


 

fcx

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