On 19th of September we said that we were not touching on this stock suggest not to touch yet. We now believe that FMG has some potential to reach a 15% profit target and even 20% if reach new highs and we are entering on a postion.
Buying price $16.43
Stop loss: $14.45
Opportunity to buy on the deep.
Key facts we are using to open a position:
✅ SP and EMA are still trading above SMA, confirming a bullish intersection few days ago.
✅ Volume is relatively low on the
✅ Company pays great dividend, we believe it should be able to maintain over FY21.
🚩 Watch out for EMA or SP formation during the next few days, a possible bearish intersection is still possible.