One more dip in Iron Ore

November 12, 2024 Leave a comment

The price action and ‘set-up’ for the stock prices of various Iron Ore companies isn’t attractive.

I’m watching a few signals before I become confident about the expected ugliness.

BHP and Fortescue may be the first to make the move lower.

If so, Rio Tinto’s ASX stock price could test A$93.00 initially and I’d become a giddy buyer at A$85.65.

November 12, 2024

rob@karriasset.com.au

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Iron Ore entry price – getting close

August 22, 2024 Leave a comment

The stock price of the Australian iron ore mining company, Fortescue (FMG.ASX) has just declined enough to register a weekly oversold reading for only the 7th moment in the past 20 years.

This is keeping with my recent expectations of lower iron ore prices.

a little lower for Iron Ore prices

I think there is a little more downside before my entry point is reached.

August 22, 2024

by Rob Zdravevski

rob@karriasset.com.au

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