Set up: Close to major support and 200 MA on the daily chart. Daily RSI (24) is in oversold territory.
Entry Target: 65.50-66.00. The 200 MA on daily is at 65.58
Strategy: I am long via March 70/75 call spread. I entered on Friday (1/29/10) at 1.50 when FCX was trading at 66.50
Exit Target: 23.6% Fib retracement at 71.00
04/26/2024 Market Outlook (Testing EMA20)
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No conclusion, let’s see the next week, maybe need wait until the FOMC
Wednesday?
The …
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