Copper will be the beneficiary of a lot of Tech growth and this ETF which concentrates on copper miners globally has had a massive run up in the past 6 months.
It's taken a breather since peaking in May 2024 but I think now shows a great risk/reward setup:
Buy this week, at under $14
Stop Loss $13
Take Profit (if you want) at $15.65 or higher
This is a 3:1 reward to risk ratio.
I'l. be buying over the next few days.
Trade size numbers:
Product WIRE
Direction Long
Average Entry Price $14.00
Stop Loss $13.00
Loss Potential -$1.00
Qty (units) 2000
Value -$AUD2000
Exch Rate 0.950
NZD RISKED -$2,105
Trade Value $29,474
It's taken a breather since peaking in May 2024 but I think now shows a great risk/reward setup:
Buy this week, at under $14
Stop Loss $13
Take Profit (if you want) at $15.65 or higher
This is a 3:1 reward to risk ratio.
I'l. be buying over the next few days.
Trade size numbers:
Product WIRE
Direction Long
Average Entry Price $14.00
Stop Loss $13.00
Loss Potential -$1.00
Qty (units) 2000
Value -$AUD2000
Exch Rate 0.950
NZD RISKED -$2,105
Trade Value $29,474
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.