Potential Buy Alert FMG

FMG – Fortescue Metals Group

FMG has had a positive quarterly production report released to market today which gave the price a nudge higher against the overall trend of the ASX200. We see the potential for a higher low to build as more buyers step in and soak up selling pressure at higher levels. If the higher low plays out then its all about the buy entry setup.

Stock Code : FMG – Fortescue Metals Group

Company Website : www.fmgl.com.au

Current Price : 5.16

Status : On watch for buy entry setup