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FMG trade ideas

BHP - Potential Short in the InterimMorning you absolute trading legends. What we have here is a a potenial short building up on the BHP Chart. The Materials sector is looking rather 'weak' for the first time in the last 8-9yrs, having broken out and down out of a very strong upward channel. That being said, its this big mining giants that are holding up the entire sector (irrespectively) Now the pattern i am seeing here is a continuation pattern, where, depending on the location of this formation, it generally dictates where the price will go. Now seeing as the overall chart, is looking a little bearish these days, the last massive price drop cause a bit of a sweep and resulted in a massive bounce to the upside "Every action has an opposite and equal reaction". Since that bounce, we had a nice pullback, and a bit of a triangle form (very sexy mind you) and price finally starting to behave more rationally. Accumulation is building now and i would expect a form of 'Manipulation' to occur to the downside, doing another 'liquidity sweep', hitting either one of those 2 boxes highlighted on the chart above. The first one closing the gap, which could result in a nice bounce. Or, and i would suspect, price to head down to the lower second box, give it a tickle, possibly form an ABC triangle pattern (Double Bottom) at/on one of those 2 boxes, then i would expect price to bounce and run off to the upside..Pending on what happens in the world.
ASX:FMG
by TheyCallMeNova
FMG A good company for long term hold Analyzing Fortescue Metals Group Ltd (ASX: FMG) through the lens of Warren Buffett's investment principles: Economic Moat Fortescue has a significant economic moat derived from its scale and efficiency in the iron ore industry, one of the largest sectors in Australia. It possesses extensive infrastructure, including railways, ports, and shipping capabilities, which are critical to its operations and hard for competitors to replicate. This vertical integration allows Fortescue to maintain lower production costs compared to many peers. Management Quality Under the leadership of founder and chairman Andrew Forrest, Fortescue has demonstrated strategic foresight, particularly with its push into renewable energy sectors through its Fortescue Future Industries (FFI) initiative. This move could diversify revenue streams and reduce reliance on iron ore prices. However, investors may need to monitor how well the company transitions into these new areas and manages the risks involved. Financial Health Fortescue is known for its strong cash flow generation, which supports a robust dividend yield of around 8.40% as of the latest reports​ (Yahoo Finance)​. It has a healthy balance sheet with manageable debt levels, which is crucial for enduring the cyclical nature of the commodities market. The company's P/E ratio of around 8.81 indicates a reasonable valuation relative to its earnings, suggesting it is not overvalued in the current market​ (Yahoo Finance)​​ (Yahoo Finance)​. Valuation Buffett emphasizes purchasing stocks at a price that represents a significant discount to their intrinsic value, offering a margin of safety. Fortescue's current market valuation, coupled with its strategic investments in growth areas like green energy, might make it an attractive proposition if these sectors realize their projected potential. However, intrinsic value calculations would need a detailed analysis of projected cash flows and growth rates. Price It is informing an impulse way to target 54$-71$ Conclusion Fortescue appears to align well with several of Buffett's investment criteria: it has a strong economic moat, competent management, solid financials, and a valuation that could offer a margin of safety depending on one's assumptions about the future of both iron ore and renewable energy markets. Prospective investors should continue to monitor the execution of its green energy initiatives and any significant fluctuations in iron ore prices, which could impact its financial performance and strategic direction.
ASX:FMGLong
by calmlyinvestor
FMG: March 6, 2024(ASX) FMG Fortescue || March 6, 2024 Master of Elliott Wave Analysis: Shane Hua (CEWA-M) (Left chart) The broader context (Daily chart) suggests that wave ((iii))-green appears to have peaked at 29.95, followed by a corrective wave movement labeled ABC-purple. Overall, the context allows me to see that the rise of the Bull market is necessary; it's just too early to conclude this, and there may still be a further decline with wave v-blue. It can be said that the decline with wave (c)-purple seems severe, sharper, and stronger than wave (a), which often implies something is not right. However, I think you need to understand the weaknesses or risks you have to endure when investing in a bull market; who knows this decline could go even lower? What I can do for you is to provide high-quality analysis, forecasts, and I will help you continuously monitor until everything becomes clear. (Right chart) Moving on to the short-term outlook (4H Chart), you can see that wave (c)-purple seems to be in the process of completing enough five-waves downward movement; short positions could work well. Furthermore, if this is correct, then from the low of 25.24 is where the start of a Bull market lies. But the risk in this case if you trade is too significant; at least you should wait for the high of 26.44 to be broken because FMG may be forming a Triangle pattern, so there is still a wave v-blue decline to a lower low before the Bull market truly resumes. However, when the high of 26.44 is broken, it will negate that bearish view and allow you to seek trading opportunities with the Bull market.
ASX:FMG
by ShaneHua
Bullish Hidden Divergence vs Bearish Hidden DivergenceHere is an explanation on the Bullish and Bearish Hidden Divergence concepts Rules are as follows: Bullish Hidden Divergence Happens only in uptrend Observed on pivot lows Price makes higher low, whereas indicator makes lower low due to price consolidation. In bullish trend, this is considered as bullish as the price gets a breather and get ready to surge further. Bearish Hidden Divergence Happens only in downtrend Observed on pivot Highs Price makes lower high whereas oscillator makes higher high due to price consolidation. In bearish trend, this is considered as bearish as the price gets a breather and get ready to fall further. Watch out for breakouts against the trend.
ASX:FMGEducation
by Trendoscope
1
Quick Look - Bullish Divergence vs Bearish DivergenceHere is a graphical representation of the simple concept of bullish and bearish divergences. Rules are pretty clear Bearish Divergence Happens only in uptrend Observed on pivot Highs Price makes higher high whereas oscillator makes lower high, indicating weakness and possible reversal Bullish Divergence Happens only in downtrend Observed on pivot Lows Price makes lower low whereas oscillator makes higher low, indicating weakness and possible reversal Watch out for hidden divergences on the opposite pivots and breakouts in the direction of trend.
ASX:FMGEducation
by Trendoscope
SHORT FMGThanks for viewing Just a simple technical analysis of the share price of FMG assuming continued correction from all time highs. Mostly just based on the Iron ore price having lost 55% from 2021 highs and still being 50% (while FMG is only down only 28%) down presently. Mapped out some support / demand and resistance / supply zones. Thinking something around sub-$12 would be a good short-term target (although I expect a bounce at the $14 level). Also based on 1:1 extension of the deep correction and retrace and a 1.618 extension of what may be wave 1 & 2 of the last 5 waves down to complete the correction. They line up relatively closely, so it seems like a good spot. Price may push above the 200EMA before continuing correction, although near-term upside potentially $19.50. We will see. Fundamental... more and more speculation about the debt crisis unfolding in China in the property and banking sectors. We can never get the full picture. However, that combination of issues could seriously dent imports - especially construction steel. Increasing possibility that anecdotal evidence of a steep drop-off in residential construction in China is accurate. But, we don't have to speculate that far given the weakness in global iron ore prices. While FMG's cost of production is around $15 per ton it will clearly still be profitable, there will be less profit and earnings forecasts due later this month are lower than the previous Q1 and any further weakness in global iron ore prices will probably prompt at least some investors to sell up and continue the downside correction. Protect those funds.
ASX:FMGShort
by flyinkiwi10
2
Fortescue Metals Australia Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
ASX:FMG
by Sunstorminvest