TheTradingBay

FMG long after breakout of recent high

Long
TheTradingBay Updated   
ASX:FMG   FORTESCUE LTD
Entry: 24.71
Stop loss: 23.30
Entered a position in the counter after it broke out with increasing volume from its recent high.
Even if it looks extended on the weekly chart.
Trade closed manually:
Exited position at 24.89.
Been consolidating below 8 SMA and not moving in intended direction.
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