Some educational TA analysis, Note the reistence zone at .64-.67 - if the SP can crack that over the next week. Then we might see a new med-term high. The trend has to stay at .53-.54c today at least for that to happen.
Long way to the top. However, the recent breakout higher bodes well for FMG historically. Plus, in terms of big Aussie miners it has been lagging behind for quite a while. Geo-political events could make the setup on this chart fail, or just take longer to achieve, but FMG is solidly in an uptrend at the moment (daily, weekly, hourly) which will hopefully continue...
