FCX took a bold move above upper R line. I want to see more volume for a move like this to confirm so I will wait to see how serious the bulls are.
R line is from 2014 at a previous peak. Trend is accelerating and well established. RSI peaks are divergent with price. Makes me hesitate. Might be corrected with new peak formed from breakage.
Wait for bull buy in and increased volume.
R line is from 2014 at a previous peak. Trend is accelerating and well established. RSI peaks are divergent with price. Makes me hesitate. Might be corrected with new peak formed from breakage.
Wait for bull buy in and increased volume.
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