Wednesday, March 10, 2010

Trade 240: FMG


FMG 700 long @ 4.80

1/ ASX up for the day
2/ the hourly is showing bullish consolidation above the 50MA
3/ commodities are performing well - FMG seems to be underperforming BHP/RIO may be playing catchup - GS released iron ore prices are bullish.
4/ stop 4.68
5/ entry grade: 56%