Fortescue
Fortescue Metals Group is under Algo Engine buy conditions.
FMG Delivers 157% Gain
Fortescue Metals Group was sold on Friday after being in our model portfolio since July 2019. Following an 840 day holding period, the position was closed for 157% gain.
We continue to maintain exposure to the mining sector and our open positions include RIO, BHP, OZL, and the OZR ETF.
Chart below: SPDR S&P/ASX 200 Resources
FMG – Trade
Buy Fortescue Metals Group at market and place a stop loss below the recent pivot low of $13.90
FMG – Algo Buy Signal
Fortescue Metals Group has been in our ASX model portfolios since July 2019 with multiple buy signals. We are again presented with another reminder of the opportunity to accumulate FMG.
Iron ore prices are normalising faster than expected due to weak demand in China.
FMG – Algo Buy Signal
Fortescue Metals Group has been in our ASX model portfolios since July 2019 with multiple buy signals. We are again presented with another reminder of the opportunity to accumulate FMG.
FMG is set to report its FY21 result on 30 August. An increase in shipments volumes and higher realised prices in FY21 will drive a strong financial result.
FMG – 1QFY21 result was strong
Fortescue Metals Group is under Algo Engine buy conditions and is one of the top performing stocks in our ASX model portfolio.
QFY21 result was strong with shipments, realized prices and cash costs all beating analysts estimates. Strong iron-ore prices should continue to drive strong share price performance for FMG.
Fortescue Metals – Buy
Fortescue Metals Group has been in our model portfolio following the buy signal at $8.30 on 26 July 2019. More recently, we’ve seen another entry opportunity flagged by the Algo Engine at the $15.50 higher low formation.
Fortescue Metals – Buy
Fortescue Metals Group has been in our model portfolio following the buy signal at $8.30 on 26 July 2019. More recently, we’ve seen another entry opportunity flagged by the Algo Engine at the $15.50 higher low formation.
FMG has rallied from the higher low and the short-term indicators continue to trend higher.
FMG – Trending Higher
Fortescue Metals Group has been in our model portfolio following the buy signal at $8.30 on 26 July 2019. More recently, we’ve seen another entry opportunity flagged by the Algo Engine at the $15.50 higher low formation.
FMG has rallied from the higher low and the short-term indicators continue to trend higher.
Fortescue Metals – Buy
Fortescue Metals Group is under Algo Engine buy conditions. Buying support is likely to build at $15.50.
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Sydney, NSW 2000
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Investor Signals Pty Ltd
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