SFR has consolidated over the last 6-weeks as it did back in June/July, we think the copper miner is close to popping higher, up towards $18-19; it’s a case of when not if for MM with the bullish copper trend continuing to play out.
- We are looking for copper stocks, including SFR, to make fresh highs into Christmas.
Trade Idea: Buy Sandfire Resources (SFR) using a $16.20 limit, with stops at $15.58, ~4% risk.
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