Two of the weakest chart patterns in the bubble universe are copper and gold, coming together nicely in one stock with liquid options and a high downside momentum Sell Signal. New Sell Signal: FCX @ $26.50 Option: Sep 26th $27P (3.00-3.05) Targets: FCX < $20.00; $27P > $10 Optional Stop on Put: (50%) FCX Covid low (March 2020) was $4.85 and although it's not likely to fall that far before Sep expiration, there is still a lot of air under current price. Fib extension tool is forecasting an intermediate term decline (60 days) well under $20.
