Fortescue
Fortescue is rated a buy with a stop loss at the $15.88 pivot low.
Fortescue
Fortescue is rated a buy with a stop loss at $21.00
Fortescue
Fortescue
Fortescue is under Algo Engine buy conditions.
Fortescue Metals
Fortescue Metals Group has been added to the ASX200 Trade Table, with a stop loss at $20.97
Fortescue
Fortescue Metals Group is under Algo Engine buy conditions.
Fortescue
Fortescue Metals Group is under Algo Engine buy conditions.
FMG Delivers 157% Gain
Fortescue Metals Group was sold on Friday after being in our model portfolio since July 2019. Following an 840 day holding period, the position was closed for 157% gain.
We continue to maintain exposure to the mining sector and our open positions include RIO, BHP, OZL, and the OZR ETF.
Chart below: SPDR S&P/ASX 200 Resources
FMG – Trade
Buy Fortescue Metals Group at market and place a stop loss below the recent pivot low of $13.90
FMG – Algo Buy Signal
Fortescue Metals Group has been in our ASX model portfolios since July 2019 with multiple buy signals. We are again presented with another reminder of the opportunity to accumulate FMG.
Iron ore prices are normalising faster than expected due to weak demand in China.
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