Sunday, January 31, 2010

FCX

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



Posted by PRAMOD at 4:47 PM

2 comments:

  1. zstock Pro Select!February 1, 2010 at 2:47 AM

    Hi Pramod, I couldn't get around to running the numbers on FCX, or POT, MOS, AGU--RSI 25's, I think you have to try a long.

    ReplyDelete
  2. zstock Pro Select!February 1, 2010 at 2:53 AM

    How come you don't install Disqus? Web Traffic goes up 300%, guaranteed.

    ReplyDelete

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