Tuesday, July 8, 2008

FCX testing trendline.

FCX Freeport-McMoRan Copper & Gold Inc. is testing a intermediate trendline. If we get a "hammer" candlestick on 20 million+ volume then we go higher, if not we have to respect the sell-stop at 98.50..

List of Candlestick Patterns.

NOTE: A trendline is only a trendline if it can touch 3 different points of reference. Two pointed trendlines are in fact not trendlines.

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