FMG 2.99% $20.35 fortescue ltd

Iron Ore Price, page-7761

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    Chart update: we've seen the gap filled at 2.85, the chart consolidation has been completed as per Elliot wave, 38.2% fibonacci line came into play today at 2.81 (38.2% retracement from the lows of 144 to the highs of 360), the stochastics are massively oversold, and the downside bollinger band was exceeded. The uptrend line is close by and the 50 day moving average is also in play. Just to cap it off, a close around here would signal a moji star (look it up!)
    Plenty of signals that this is the bottom....

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    Last edited by stillade: 10/05/16
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