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]]>FCX — Yes, that gap should be filled. Meanwhile, bounces have room up to 7.70 just as noise
]]>KMI — The volume does seem to be reaching a crescendo. Perhaps most selling is done. Those sellers needed to be matched by buyers, and nothing suggests they’re suddenly starting up their own engines to outlast the selling, not after a steady drop since April. While a bounce to 18.10 or 19.75 is possible just as noise, bottoms just don’t appear suddenly in these patterns. They take time to form, and the actual low is usually accompanied by relatively low volume, not high. An acquisition would be one of the only ways to shortcut that natural process. In a commodity stock like this, there could also be some external event that affects its underlying commodity.
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