FCX Rally

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FCX RallyFreeport-McMoRan, Inc.BATS:FCXoqlivnewsTicker: FCX Bias: Bullish only if it clears the highs. Key level 57.12 = 20D/50D high (this is the line) Trigger Entry trigger: Daily close > 57.20 Buy zone: 57.20–58.00 (no hero chasing if it gaps) Invalidation If it breaks out then closes back below ~55.40 (≈ 1 ATR under the breakout), the breakout failed. I’m out. Targets TP1: ~60.50 (≈ 2 ATR from breakout) TP2: ~62.20 (≈ 3 ATR) if trend stays clean Remove-if If FCX can’t close above 57.12 soon and just chops under it for days, I’m dropping it. This is a breakout trade, not a “hope” trade. join patreon for more ideas