Copper Giant Builds Strong High Tight Bull Flag
Freeport Copper (FCX) shares coiled in a tight bull flag and closed Wednesday near highs above the monthly POC at 39 with a breakout trigger nearing at 39.70 for a move to new highs north of 40 and a first target of 42 but also has a untested VPOC at 46 if this trend really expands higher this month. A close back under 37.50 would be an ideal stop.