Fortescue has been in a steady downtrend since the drop of iron ore prices in August. Since October, however, it was able to hold support at around 14 over and over again. With the recent drop in
FEF1!
this especially notable.
I am fundamentally bullish on Fortescue due to its fundamentals (balance sheet, green hydrogen ambitions, autonomous hauling) but it's hard to find a good entry point with iron ore prices plunging this rapidly.
FEF1!
this especially notable. I am fundamentally bullish on Fortescue due to its fundamentals (balance sheet, green hydrogen ambitions, autonomous hauling) but it's hard to find a good entry point with iron ore prices plunging this rapidly.