Bullish potential detected for FMG

11月30日

Entry conditions:
(i) higher share price for FMG along with swing up of indicators such as DMI/RSI.

Stop loss for the trade (once activated) would be:
(i) below the support level from the open of 14th November (i.e.: below $18.20), or
(ii) below the support level from the open of 21st November (i.e.: below $17.87), depending on risk tolerance.

11月30日

交易進行

UPDATE (week ending 29-Nov): Trade activated on both 28th/29th November, with the share price closing above both 10 and 30 day MA's at the end of the trading week, alongside an improving ASX 200 Materials Index (XMJ) and iron ore base metals price (FEF1! and TEO1!).

12月7日

註釋

UPDATE (week ending 06-Dec): Signal change detected - caution with respect of volume profile area of $20.13 offering profit opportunity for short term movement since trade entry; observe market reaction to resistance area of $19.63 from open of 29th October.

12月15日

手動結束交易

UPDATE (week ending 13-Dec): Poor market reaction to resistance area of $19.63 noted in last week's update in the initial instance allowed profit opportunity in short term for anyone still in the trade. Anyone who remained in the trade would've received a short-term 'bump' from iron ore bounce on Tuesday before eventual failure in $19.63 level at the end of the week. Congrats for a short-term profit regardless of exit level and timeframe since end of November.