Freeport-McMoRan Inc. (FCX) is a leading international mining company that specializes in the exploration, development, and production of copper, gold, and molybdenum. They have a diverse portfolio of mining assets and operate across various regions, contributing to the global supply of essential metals.

Currently, the stock of Freeport-McMoRan is retesting resistance, which is a logical place to see sellers step in. This means that the stock price has reached a significant level of resistance, where it has previously encountered selling pressure and struggled to move higher. This retest provides an opportunity for traders and investors to assess the strength of the resistance level and the potential for a reversal or consolidation.

It is important to closely monitor the price action, volume, and other technical indicators during this retest phase. A failure to break above the resistance level may suggest a continuation of the current downtrend or a potential reversal to the downside.