FMG 0.45% $22.10 fortescue ltd

Hello Buddy, Those black points are entries of a trader.If the...

  1. 6,516 Posts.
    Hello Buddy, Those black points are entries of a trader.If the sp travelled below the blue trend line (pink dot) a trader would exit his position on a stop loss.From my point of view considering all options etc world markets and FMG achieving its small target to date i would think it is of a pretty risky nature chasing the $75 target.I think if you hold your nerve for maybe some weeks better oportunities would arise ... But if you really like it as i said black dots but you would have to sell at a loss if things go pear shape(breach of support) cheers russell
 
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