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
Weekly 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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STTCOMP FMG TA LONGFortescue Metals - we all know Tiwiggy...
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