Freeport-McMoran $FCX has been consolidating since late January after it tagged $20.00 per share. After a correction that found support at $16.50 twice, I think FCX could be ready to re-test that $20.00 mark.FCX Daily Chart(click to enlarge)Bulls in Charge:- The daily chart shows that the market has been bullish in 2017 after price found a bottom just above $11.00 a share.- This bullish trend is still intact. Note that price is still trading above the 200-day simple moving average (SMA). It is now actually back above the 100- and 50-day SMAs as well.- Meanwhile, the daily RSI has been holding above 40 for the most part, which reflects maintenance of the bullish momentum.- Finally, the bullish push during the 4/18 session is likely an indication that the market is breaking out of its recent consolidation mode. - It at least signals a retest of $20.00 with a possible extension towards the $23.95-$24 resistance from 2015 (seen in the weekly chart below). - The weekly chart shows that the uptrend has been developing since 2016, after price found support just under $4.00. - The reversal since has picked up momentum, and can be seen as significant as price moved above the 200-week SMA. The fact that it is staying above and making a push to breakout of the consolidation indicates further upside towards $24.00. FCX Weekly Chart(click to enlarge)