FCX Begins to Look Promising Again Technically
On the subject of Freeport-McMoRan Inc. (FCX), let's notice on the enclosed daily chart that the price structure is attempting to break out of a 10-week rounded-base formation, especially if it hurdles and sustains above 12.61-- the prior rally peak from June 12.
As long as any weakness is contained by the up-turning 20-DMA, now at 11.86, FCX should be considered as a viable "accumulation" long position.
