Fortescue getting into the Hydrogen business

I've been reading about Fortescue and hydrogen for a while now, and on the back of their already amazing Iron Ore run I think this will be yet another possibly even more important catalyst that should keep the FMG engine running even harder. It has had a nice pullback to support after its last run and with the RSI beginning its rise again, I think anything around the $25 mark is probably good value again. Worth a good look at any rate.

Not convinced about Hydrogen? Have a look at these two purer hydrogen plays for fun.

HZR:ASX

PLUG:NASDAQ

Commentaire:

Some updated views in the comments below. Note that these are on a 4 hour chart.