ASX end of day trading review 06 10 2021
FMG buy trade
A further test of the low 14's still wan't broken and kept my long open no add was made keeping the 4000 shares from 14.07. Price ended up closing over VWAP just with ok buying volume at the close, overall market conditions weren't great and still price stayed over 14.00 with a brief push to 14.04. The iron ore price is stable and gradually up a little today with the Chinese markets open on Friday, the plan for tomorrow is to hold unless a capitulation through 14.00 happens with even lower RVOL tomorrow.
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