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BTB_Aus
May 10, 2019 11:34 AM

Aussie iron ore play | breakout on expanding volume Long

FENIX RESOURCES LTDASX

Description

bullish RSI/macd signals, expanding volume on breakout. new ATH
Comments
Iliketoplayafiddle
The catalyst on this one is big. If iron ore prices keep up , could go much higher. There was an afr article on it. I was bearish on it but if you sit down and do the math, its bullish. We need 1 qtr of real financials to prove it. The issue is the 490km road train and diesel fuel is one of the biggest costs if you read the FS. The question is what could push iron ore prices down?
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