Southern Copper's Overbought Status

Copper looks like it's trying to form a cup of handle-like pattern that's been in place since May. Southern copper, and I'm looking at symbol SCCO just to make sure we're on the same page, has kind of front and run what the commodity has done. The good news is that since this has occurred since November of last year, the only led to temporary downturns with the market and stabilizing and going higher from there.