As i have said many times on here -
The trump effect and tariff war is IRRELEVANT to FMG
Only 0.8% of chinese steel exports got to USA
0% of FMG exports IO go to USA
Last year chinese steel exports boomed up 23.7%
FMG will continue to sell IO to china tariff free (positive)
FMG sales and exports are unaffected by it,
its all smoke and mirrors with panican chicken littles running around with no heads..
Therefore this illogical drop down to lows 14-17 i called a BUYZONE imho
SPOT ON it is imho
FMG should be at 25 as where it was 12 months ago.
Nothing has changed, NOTHING.
The usual TA chart patterns should re-emerge as the sellers realise they been Punk'd imho.
BEAR TRAP SPRUNG
BURN them SHORTS BURN.
FMG Price at posting:
$16.37 Sentiment: Buy Disclosure: Held
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