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Freeport-McMoRan Inc. Message Board

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  • grrl025 grrl025 Feb 29, 2012 11:08 AM Flag

    Freeport Indonesia stoppage to be resolved by next week -union


    That's the good news part.. but don't you think technically, on the charts, FCX is craving a pretty bad H and S formation?

    Left shoulder - completed
    Head (multiple) - just completed today with a touch of low 43.67.

    Right shoulder - the next few session but i don't think we'll go higher than 44.50 here.

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    • No, I don't. I mentioned a day or so ago, it is a complex H&S.

      I gave you the Lt shoulder, complex (double ) head and right shoulder the other day by dates of each.

      Today is the breakdown from the rt shoulder, which (in retrospect, as it always is) was completed yesterday.


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