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Shawn’s Trade Idea: Buy Fortescue Limited (ASX: FMG) $21.27

FMG

We discussed iron ore earlier and believe Fortescue is poised to play “catch up” to the bulk commodity.

  • We believe the risk/reward towards FMG is attractive targeting the $25 area, or 15-20% higher.
FMG
Trade Idea: Fortescue Ltd (FMG) at $21.40 with initial stops at $19.70 , around 8% risk
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Fortescue Ltd (FMG) v Iron Ore ($US/MT)
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