FMG 1.08% $26.48 fortescue ltd

Another horrid daily chart an L shape daily chart loved by...

  1. 9,686 Posts.
    lightbulb Created with Sketch. 4185
    Another horrid daily chart
    an L shape daily chart loved by SHORTERS
    the higher open got smashed down all day into close too
    another long red candle
    another bearish daily pattern

    rounding pattern formed on the monthly chart 28-30-28
    double top now clearly visible on the annual chart

    today a -37c red body with 12c neck 10c tail closing near daily lows

    another lower low close below 28.30
    close below 28.00 would make TA damage to the bull case.
    SHORTS looking for 26 & less imho
    SHORTS will run this down if it goes below 28 imho
    BEAR SEASON impending (started in Feb last 4 years) if not already started since 5 Feb.

    SHORTS in charge again.
    Warning signs again.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$26.48
Change
-0.290(1.08%)
Mkt cap ! $81.88B
Open High Low Value Volume
$26.85 $26.89 $26.48 $33.29M 1.250M

Buyers (Bids)

No. Vol. Price($)
1 21 $29.12
 

Sellers (Offers)

Price($) Vol. No.
$23.84 2490 2
View Market Depth
Last trade - 15.59pm 27/05/2024 (20 minute delay) ?
Last
$26.48
  Change
-0.290 ( 1.07 %)
Open High Low Volume
$26.85 $26.90 $26.48 295094
Last updated 15.59pm 27/05/2024 ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.