FMG 1.10% $19.76 fortescue ltd

FMG Technical Analysis, page-7531

  1. 10,032 Posts.
    lightbulb Created with Sketch. 4341
    long green bar from lower open
    49c green body no tail no neck, amazing, bullish
    daily chart bullish
    monthly chart showing the ledge & floor pattern since 17 Sept to today

    shorts BURNING to a crisp right now.
    14.00 held yet again
    a triple bottom holding. looking more and more like a bottom floor
    My call of a bottom so far so good, held & tested 3 times

    IOP down yet FMG UP, bullish signal, oversold.
    way below that double top sell point I called at 26.00
    still its about finding the floor & bottom now & avoiding the falling knife
    looks like the knife has hit the floor 3 times and bounced off it.

    INSTO tech teams will be noting this.
    if they cant short they will cover and go long.

    BURN them SHORTS, BURRNN!
 
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