Commodities have remained very cheap against the recent rise in Major World Indexes. This includes iron ore. And this cheapness can create opportunities in the iron and steel industry. The price can get even cheaper. The analysis does not contain a very high quality risk / reward ratio, but I think it is possible to make very profitable trades based on this idea in lower time frames. Parameters
Risk/Reward Ratio : 1 / 1.68
Stop-Loss : 13.632
Goal : 20.43
Comment
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Comment
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Slowly, we come to many beautiful places, not more, but the Stock is getting cheaper.
Trade closed: stop reached
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Stock performed poorly even in the Iron Ore rally. The stop level has exploded today, with iron ore decreasing up to 6%.