I always look to short or buy around value, depending on the preceding trend. On FCX, I have been looking for a short.
On the daily chart, a class A bearish divergence formed, right at value on the weekly; that is a great bearish signal. However, price failed to close below 11.50$, thus never confirming the divergence. Today, there was a very nice bounce, turning the impulse green and making a new swing high.
Whenever such bearish signals fail, it is almost always a good idea to go long; same thing applies to failing bullish signals.
I am looking for FCX to reach the strong resistance area at 17$.
On the daily chart, a class A bearish divergence formed, right at value on the weekly; that is a great bearish signal. However, price failed to close below 11.50$, thus never confirming the divergence. Today, there was a very nice bounce, turning the impulse green and making a new swing high.
Whenever such bearish signals fail, it is almost always a good idea to go long; same thing applies to failing bullish signals.
I am looking for FCX to reach the strong resistance area at 17$.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.