Back in January we recommended this stock be sold when it was trading just under $64. The target then was at least $32 but perhaps a lot lower. Here is the chart, now and then;
Should the stock drop just a little further overlap will occur making it almost a certainty that the leg up from the lows was indeed a B-wave, the lower target of $3 will then become more plausible.
If correct one would expect Freeport to look rather similar, it does,now and then.
See previous blogs. Overlap will occur at $45 or under.