Freeport-McMoran Inc. $FCX has been bearish in 2018, but has been consolidating since the end of the year. Let's take a look at the daily chart.FCX Daily Chart(click to enlarge)Price Bottom Gaining Bullish Momentum:- First, let's acknowledge that the 2018 trend was bearish, and price declined mostly in a falling channel. - While price is technically still within this falling channel, price has stopped making lower lows after December - The January low was above that December low.- The highs have flattened around $12.75. So what we have is potential rounded bottom. - Furthermore, note that the RSI has tagged 70, and has held above 40. For me, this is a subtle clue that the market is gaining bullish momentum.- I think the market will push price above $12.75 to at least $14.00, where the 200-day simple moving average (SMA) resides right now.- In fact, I wouldn't be surprised if price pushed to $15-$15.20 area. - This bullish outlook could still be within the context of a sideways market instead of a bullish market. - If price instead falls back below $11, I would scrap this bullish outlook. - I would expect a bearish continuation to follow failed bullish reversal attempt.