On 7/12 I ask, “was a 20% decline in Freeport-McMoRan (FCX) enough? (see post)
Breakouts of falling channels can be power, which can be seen in the green shoots update below.
Would take gains right now in FCX (19% gain after the channel breakout), as FCX is approaching strong resistance while creating a bearish rising wedge. XME is acting weak currently.
Should FCX break resistance, will go back. Sticking with what has worked over and over…”Harvest at resistance!”
