ASX end of day/week trading review 06 09 2021 to 10 09 2021
FMG sell trades
FMG buy trades
I was holding a short over night with today's session starting off bullish, and I held short and added twice 800 more shares as 18.20 was tested and rejected. Although it was quite clear that the buyers were in charge here and as I exited then immediately went long at 18.18 with the 18.20 resistance level in sight it was aggressive. A final add at 18.31 was made with an average price of 18.19 2000 shares it total with a lot of upside on the daily time frame. In the final two attachments is the iron ore price on the intra day and also the daily time frame provides a context as to the situation on the current trend and the recent consolidation seen with what looks like support established although careful monitoring here if price does move lower I'll exit with the 16's in focus as a short through 17.70.
Edited 13 Sep 2021, 20:04
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