FMG 1.20% $21.41 fortescue ltd

News: FMG Fortescue's debt weathers downgrade despite iron ore doubts, page-16

  1. 1,452 Posts.
    @AverageJoe gapping through 2.63 was immediate alarm bells for me, the monster volume and push up to 3.29 was without a doubt, knowledge from someone who got a wiff of the VALE announcement, it just so happened that I/O rallied at the same time which intensified the push. Chart wise i became bullish on FMG when it broke 1.95, that was a clear buy for me and a target of 2.63, but got stopped out at 2.27.
 
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