Skip to Content
scroll

Shawn’s Trade Idea: Fortescue Metal (FMG) $18.85

FMG

FMG is gathering momentum on the upside as the iron ore price defies gravity, remaining above $US100/MT, and the miner refocuses on its knitting—shipping iron ore most cost-effectively to China.

  • I believe the risk/reward towards the FMG is attractive, eventually targeting the $21 area.
FMG
Trade Idea: Buy Fortescue (FMG) at $19.05 with stops at $17.65 – 7% risk.
Add To Hit List
chart
image description
Fortescue Ltd (FMG)
image description

Relevant suggested news and content from the site

image description
Overview
image description
Buy Hold Sell: The best and worst performers of FY25
image description
Friday 15th August – Dow off -11pts, SPI up +8pts
image description
Market Matters Core ETF Portfolio
image description
FY26 Playbook: Finding Clarity in the Chaos
image description
Thursday 14th August – ASX +66pts, WBC, TLS, PME
image description
Portfolio Performance
image description
Thursday 14th August – Dow up +463pts, SPI up +31pts
image description
JD.com (JD US)
image description
Wednesday 13th August – ASX -44pts, CBA, EVN, AGL
Members only

UNLOCK MARKET MATTERS NOW

Take a free trial.

No payment details required.

Already a member? Click here to login
Back to top