1
FCX stock price retested the trendline post breakout in the last session.
2
Buyers persist in accumulation and will attempt to bounce.
Freeport McMoRan Inc. (FCX stock) price showed bullishness and retested the 50-day EMA near the falling channel trendline mark of $40. However, the charts indicate buying momentum in the past sessions and suggest a rise to retain the swing of $50 in the upcoming sessions. Moreover, the price action shows that the lower lows sequence is over and a new higher high is about to appear. This means buyers initiated the long buildup aimed at $50.
From the start of 2023, FCX stock has declined inside the falling channel and retested the demand zone near $30. However, the stock did not lose gains and showed a rebound. Moreover, the stock has shown a breakout and is now ready to reach the higher trajectory marks of $50, followed by $55 in the subsequent sessions.
The chart shows that the stock has been delivering roller coaster m
We współpracy z: https://www.thecoinrepublic.com/2023/08/16/fcx-stock-nyse-fcx-price-near-50-day-ema-will-it-retain-50/
