Recap and update on FCX

13 thg 4, 2016

FCX
My update for FCX,
I mentioned this stock as an idea for short. the trade is a daily trade, the stock is still weak.
Stock is forming now what's called mashroum over shape or in other hands H&S shape
The stock hits the resistance at point (A) and the low of point (B) both are strong resistance , we might see an upthrust tomorrow meaning making new high and close near the low. If we see the upthrust that will confirm on the daily the stock is in distribution phase.