XAO 0.56% 8,612.6 all ordinaries

Short Term Trading Week Starting: 29 Jan, page-41

  1. 430 Posts.
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    STTCOMP FMG TA LONG
    Fortescue Metals - we all know Tiwiggy here
    Market Cap $15 BN
    Cash in Hand: lots
    SOI: 3.11BN

    Should have posted this when I bought in at the breakout $4.32, but based on the weekly and monthly, could still see some good gains from here worth punting on. Also, apparently Jeffries upgraded Fortescue to Buy yesterday - hence the volume?
    Daily chart

    DyouTjiRWeekly chart.

    Monthly looks very nice as well. SMA's not shown here, but FMG has broken all the important majors (50,150,200) on both scales over the past few weeks. Target is $6.22 for me. Supposed to be a good dividend this year too.
 
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Change
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