2.53 USD
5.68 B USD
18.22 B USD
About FORTESCUE LTD
Sector
Industry
CEO
Dino Otranto
Website
Headquarters
East Perth
Founded
1983
FIGI
BBG002NFG5F1
Fortescue Ltd. engages in the development of iron ore deposits. It operates through the Metals and Energy segments. The Metals segment includes exploration, development, production, processing, sale, and transportation of iron ore, and the exploration for other minerals. The Energy segment is involved in the development of green electricity, green hydrogen, and green ammonia projects. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.
Bullish potential detected for FMGEntry conditions:
(i) higher share price for ASX:FMG along with swing up of indicators such as DMI/RSI.
Stop loss for the trade (once activated) would be:
(i) below the support level from the open of 14th November (i.e.: below $18.20), or
(ii) below the support level from the open of 21st Novembe
ASX:FMG ELLIOTT WAVE ANALYSIS: 1 DEC, 2024©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Desgination).
So the wave ((iii))-navy could be unfolding to push higher, targeting the high around 23.84, a break of which would take us to 28.80.
While price must remain above 17.54 to maintain this view.
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 gi
FMG.ASX: 16 JULY, 2024 © Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Details: The short-term outlook shows that wave ((ii))-navy just ended at the low of 21.02 and wave ((iii))-navy seems to be opening to push higher, but a move higher is needed. a little more to confirm this view.
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 inf
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
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 cons
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
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
FMGF5152251
FMG Resources (August 2006) Pty Ltd. 4.375% 01-APR-2031Yield to maturity
6.67%
Maturity date
Apr 1, 2031
FMGF5393754
FMG Resources (August 2006) Pty Ltd. 6.125% 15-APR-2032Yield to maturity
6.46%
Maturity date
Apr 15, 2032
FMGF5393752
Australia 5.875% 15-APR-2030Yield to maturity
6.24%
Maturity date
Apr 15, 2030
FMGF4881203
FMG Resources (August 2006) Pty Ltd. 4.5% 15-SEP-2027Yield to maturity
5.60%
Maturity date
Sep 15, 2027
FMGF4881204
FMG Resources (August 2006) Pty Ltd. 4.5% 15-SEP-2027Yield to maturity
—
Maturity date
Sep 15, 2027
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