Freeport McMoran (FCX) bouncing off of the rising channel
Stock: Freeport McMoran (FCX)
Long or Short: Long
Entry: 35.50
Stop-Loss: 34.89
Chart: Freeport McMoran (FCX) Daily
Reason for Trade: Fairly simple trade setup. Rising channel with a retest at the lower end. I’m wanting to get in here while I can keep the stop-loss tight and ride it higher into a completed gap fill and a test of the upper channel.
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