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FXPO - Buy - Ferrexpo LSE

Long
LSE:FXPO   FERREXPO PLC ORD 10P
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3
Looking at a long on FXPO, oversold on my indicators, shown some rejection from 100ma, although not a convincing move. That being said, positive growth is a plus for FXPO. Both weekly and daily charts are above the 200ma.

We may see another down day so looking for a positive move higher on high volume for an entry. Targets:

Short term: 180
Medium: 200
Long: 235
Trade active: First target at 180 hit.
Comment: Second target hit at 240

Comments

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