We were stopped out of our SFR position last week at $15.58 before the stock continued lower, breaking below $15 on Friday. Following BHP’s renewed interest in Anglo American we now believe strong interest will return to the whole copper sector.
- We are still looking for copper stocks, including SFR, to make fresh highs into Christmas.
Trade Idea: Buy Sandfire Resources (SFR) using a $15.50 limit, with stops at $14.80, ~5% risk.
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