Member Info for LythamSlim8

On decent volume. Looks as if SRT has turned a corner. GLA

http://www.stockmarketwire.com/article/5646463/SRT-signs-contract-with-major-marine-company.html

Irish Sea increasingly used for offshore wind farms...could see big growth

Triggered a decent rise http://www.iii.co.uk/alliance-news/1503047519650457400-3/srt-gets-order-for-world-s-biggest-single-deployment-of-ais-aton

Also, In my experience there is usually a dearth of good news at the bottom.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=UK%3Afxpo&x=58&y=16&time=7&startdate=1%2F4%2F1999&enddate=4%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=4&lf2=8&lf3=256&type=4&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11 A good analogy Granto is a pendulum swinging back & forth. The extreme happens immediately before the change in direction

That candlestick outside the lower Bollinger looks interesting...possible reversal

Agree that over £1.75 would look bullish for £2 plus. However, looks precariously weak at present - like most miners, the rallies are being sold. MACD histogram gone negative

Ugly picture developing on the daily chart. Looks like a double top. break of £1.37 to signal new trend

Chortle

http://www.cnbc.com/2017/03/17/china-development-forum-where-rio-tinto-chief-sees-key-source-of-uncertainty-in-iron-ore.html Bright future for higher grade iron ore.

Around the £1.70 share price mark proving a temporary sticking point. Not on the charts of course, but proving a sticking point again today. Once £1.70 (£1 billion market cap) goes FXPO will fly - blue sky above lads.

Couldn't give it away last week but certainly in demand now! Miners eh? Obviously the pursuit of Alpha can backfire but a profit is a profit.

Started the day with a small holding. Purchased 10k & 6k in the opening auction at 8am on the back of overnight strength in iron ore. £25k fixed holding & £25k going in & out is my system. Looks as if MACD about to turn & go positive. Very much looking forward to the results & expecting £2 plus. Bon Chance

http://blogs.barrons.com/asiastocks/2017/03/14/why-are-iron-ore-prices-soaring-again/ Interesting that while iron ore fell last Friday, the price of premium pellets still rose.

Thanks. Will buy them back soon enough. Just expecting a volatile week.

Decent run up from £1.38. that was some impulsive move down before 8:30! Most miners in a tight range under previous support. Watching & waiting.

well worth a read http://seekingalpha.com/article/4051056-shipping-index-comes-storming-back Also, probably worth keeping 1 eye on the US Dollar index. If the index falls then Iron Ore should continue to rally (& vice versa) With MACd still negative & trending down I still have some doubts that the downtrend in FXPO is over.

Hopefully yesterday was the emotional low & FXPO is back in an uptrend. MACD turning positive would cconfirm.

Don't know if that is a significant level. 100 day moving average??