FCX Should I Buy

BUY for a beginner, long-term investor with $50k–$100k. FCX is in a strong uptrend (bullish moving averages and rising MACD), hedge funds are aggressively increasing buying, and the macro setup (copper demand + high gold prices) supports the long-term thesis. While the stock is short-term stretched (RSI ~78 and price near resistance around ~$63.67), the overall evidence favors buying now rather than waiting for a “perfect” dip.

Trend is bullish: SMA_5 > SMA_20 > SMA_200 confirms an established uptrend, and the MACD histogram (0.117) is positive and expanding, indicating strengthening upside momentum. However, RSI_6 is ~78.4 (overbought/extended), which often precedes short-term consolidation or a pullback. Price ($63.51) is sitting just below R1 (~$63.67); a clean break above R1 opens room toward R2 (~$65.32). Key levels: Support = Pivot ~$61.01 (first area to hold on any dip), deeper support ~$58.35 (S1). Pattern-based forward look provided is constructive: +6.51% over next week and +13.26% over next month, despite a flat-to-slightly down next-day expectation. Intellectia Proprietary Trading Signals: **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.