18.09.2015 - Shares of Freeport-McMoran can continue to grow

The price of Freeport-McMoran rebounded from the support level at 8.00 and started to correct rapidly. Recently, the price has overcome the resistance level at 11.50, which can result in further growth of quotations to 16.00 and the upper boundary of the descending channel. We expect continued growth in the near future and recommend to set the stop below the local minimum of about 9.50.

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