FCX has made a decisive move through its horizontal resistance level, with MACD showing bullish momentum and no signs of bearish divergence emerging yet.
The momentum is clearly favoring buyers right now. What matters most heading into next week is whether the old resistance zone can establish itself as solid support—that's your confirmation signal the breakout is real and holding.
Related pairs tracking similar technicals: TECK, SCCO, HBM, TRQ, LUN, ERO, CS. Worth keeping these on your radar as they develop alongside FCX's price action.
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FCX has made a decisive move through its horizontal resistance level, with MACD showing bullish momentum and no signs of bearish divergence emerging yet.
The momentum is clearly favoring buyers right now. What matters most heading into next week is whether the old resistance zone can establish itself as solid support—that's your confirmation signal the breakout is real and holding.
Related pairs tracking similar technicals: TECK, SCCO, HBM, TRQ, LUN, ERO, CS. Worth keeping these on your radar as they develop alongside FCX's price action.