FMG – Fortescue Metals Group Ltd

These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice: Terms of use

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Code:

Company Name:

Sector:

Size:

 Confirmed Trend:
 

FMG

  

Fortescue Metal Group Ltd

  

Materials

  

ASX Top 50

                   

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Commentary:

Fortescue Metals Group Ltd is still in a confirmed Up Trend, after closing above the trend line in February 2009, and making a Dow Theory entry in May 2009.

The up trend would be considered wrong if the market was to close below $3.98: below the up trend line and the previous trough.

Click the chart below to enlarge:

Previous Trend Changes:

Nil

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January 26, 2010  Tags:   Posted in: Research On Australian Stock Trends

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