No - I was just looking at the Stochastics, RSI and MACD. They all bottomed on Dec 8 with FCX low of $105.75. FCX then moved up 10 points. I was just proposing that if FCX were to make a run to $120 which some have suggested, then the same pattern on these indicators would need to form.
I just noticed that your prices are updated for the $1 dividend and my charts are not.This might account for some chart differences.
Looking at your 60 minute chart: If we assume that FCX is going to 120 from here, then the chart pattern today would support that move based on what the chart oscillators did back on Dec 8-9.
and we have a squeeze on the 5 min and that RSI held 50 during that little dip on the 5min . .see if we get past 112 . . we are 2 cents away from 3/5 cross on 60 min . . but 15 is sideways with RSI hugging 50 and stochs coming down . .and not so hot histo . .a little more time . .
60 minute at one
Thanks. And I meant "High" probability trade.
My charting is similar but different from yours - the MACD is just now flattening on my Quotetracker. I have it set for 8,17,9. I think the data must be slightly different.