Copper WIRE
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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