ContraryTrader

FCX will take a hair cut 2023

Corto
NYSE:FCX   Freeport-McMoRan, Inc.
Whenever yoy here these so called advisor , Start to publicly recommend a sector to invest in , that means it's time to short. They (Institutions ) usually take a position 30% cheaper before they even mention it and by the time they do speak on it they are unloading why you (Retailers) buy the ASK.

That yellow trendline u see is a downtrend starting from 2008

In the next few weeks expect FCX to trade in the Range of 37-45 to round that right shoulder off. Earnings is JAN 23 wink

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