weekend lounge short term trading 14 -16 june, page-25

Entry for STT List


FMS, FA & TA

Iron Ore, Pilbara WA
Strategic deposit located adjacent to FMGs Solomon Hub

FMS has just bounced of the 3c level which was the exact same point it bounced off during the worst parts of the GFC

Could a sustained bounce be in store?

We are seeing bounces in many oversold Iron Ore stocks

I've seen some pretty impressive bounces on NFE of 100% in a day and GBG about 50% in a day last week

Before that SDL and FAS also in Iron Ore gave some impressive moves

Could FMS be next? First target would be 5c

Possible signs of a bounce?

Recent bounce off 3c vs GFC bounce off 3c