Fmg - looks like the uptrend is about to resume.
Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside.
Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).
Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside.
Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).
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Chart has turned bullish again. I expect a 2 in front of FMG very soon
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oomp there it is & just like that we have a 2 in front of FMG.
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looks bullish
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Hit target at $21, Still looks bullish.
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Resistance @ the $21 level is fair, although, we should clear through this level. Likely FMG will face stronger Resistance at $22 - $22.50.