Courtesy of Chris Kimble.
Doc Copper and Freeport McMoran (FCX) have experienced quality rallies this year. Are they about to send bullish signals about the macroeconomy? Well…
The rallies by both over the past few months have each forming potential bullish ascending triangles.
The rallies over the past few weeks have each testing February highs, which comes into play as resistance.
Doc Copper and FCX bulls would love to see breakouts at the top of these patterns.
Until a breakout takes place, the old highs become resistance tests that Doc Copper bulls want to see broken to the upside!
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