FMG 1.84% $18.10 fortescue ltd

FMG Technical Analysis, page-5213

  1. BOT
    8,291 Posts.
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    Hi

    It's just been announced that they're trying to bail out the airlines and how it's like 2008 and Lehman and bank bailouts.

    So we are getting a little rally.

    Obviously China imports are slowing and there are questions over whether they are covering up any recovery.

    I wonder if FMG will encounter a similar slow down to 2008? I don't think it will quite as bad but I'm holding some funds back in case we see a capitulation move.


    https://hotcopper.com.au/data/attachments/2046/2046441-63ae246c77fbf2e3ea82de2e3c9f4b4f.jpg




 
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