FMG 1.04% $20.35 fortescue ltd

This filly has retracted all the way to a vwap of 4.57 LOL....

  1. 1,734 Posts.
    This filly has retracted all the way to a vwap of 4.57 LOL. Personally, I'm pretty happy with that. I'd prefer an even slower, steadier pace which would get us there without the massive swings and make us less of a target for day traders.

    Somebody took at $2 million position in this last night at the current general rate and they're not alone - there's smart money all over this one.

    Yes the supply deal has been long touted but FMGs work with the chinese hasn't ended there (as previously disclosed by both FMG and the chinese).

    Watch your stops but don't be caught short.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.