Share
Preview


Example of Applying the
 
"POWER OF THE PATTERN"  to (FCX)


I am honored by your continued interest in my research.   

Below is an example of applying the
Power of the Pattern to an asset that I monitor and suggested our Premium, Sector/Commodity and Metals subscribers take action to buy back in May. I hope you find the information helpful toward improving your decision-making and results. 

We closed out the majority of the position near resistance.
 

We suggested a purchase of Freeport McMoran Corp (FCX) on May 19, 2017


FCX was hit hard since early 2017, losing nearly a third of its value (1st chart below).  This decline had FCX testing dual support, and at the apex of a bullish falling wedge.  
Click Image Above to Enlarge 



Chart below also reflects that Copper has historically been
at a low for the year around the first of June.
 

Click Image Above to Enlarge 



Freeport held support and broke out of the weekly falling wedge pattern,
rallying as much as 28% over the next several weeks.
We closed out the majority of the position near blue resistance line.

Click Image Above to Enlarge 

 

Comparing FCX to the broader copper index and S&P 500, I attempt to identify assets
with potentially greater relative strength to the index or peers
Click Image Above to Enlarge 

If you found this helpful, reply to let us know and for any questions you would like to ask at this time.

If you want to stay current with opportunities similar to FCX above, test drive Premium for 30 days.
See details below.


All the best,
Chris

 
If you would like to stay current with these opportunities,
test drive all research for 30 days Free with a trial to Premium. 

Switch or cancel at any time









Chris Kimble
Founder/CEO
Kimble Charting Solutions
Research Products 
 
 
 
 
 


Have questions? Reply to this email or Contact us toll free
877-721-7217 International 714-941-9381



Helping people save time and improve results with the Power of the Pattern 





Email Marketing by ActiveCampaign