FMG 1.10% $19.76 fortescue ltd

Pretty good chance SP will challenge the 29/07/2021 ATH (See...

  1. 6,279 Posts.
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    Pretty good chance SP will challenge the 29/07/2021 ATH (See green arrow). Plenty of room on the Stoch and RSI for this run to happen (see yellow circle). Will we get a breakout, is another story - hopefully. Depends on the next chart or positive surprises on the FMG fundamentals.
    https://hotcopper.com.au/data/attachments/5811/5811681-4591f8cfccae29d3971c9e69a0f38a93.jpg
    It is prudent to point out that the FMG ATH 29/07/2021 corresponded with the IOP ATH of the same period. IOP is well below that this time around. So FMG is getting a premium due to fundamentals outside the IOP, which FMG has plenty in the "green" pivot pipeline.
    https://hotcopper.com.au/data/attachments/5811/5811707-5aa50d37a0c15d8924fedc57b2b4959d.jpg
    Congrats all. At this point I can truly say that FMG have been the star performer of the portfolio the last few years hands down!
    Last edited by Exised: 12/12/23
 
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
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