FMG 2.07% $21.26 fortescue ltd

FMG Technical Analysis, page-7775

  1. 9,751 Posts.
    lightbulb Created with Sketch. 4206
    CONFIRMATION
    The triple bottom held & the short squeeze smashed the shorts today
    SHORTS are BURNING to a crisp.

    I called this move last week!
    A breakout to 15.00, its gone way past that to 15.70

    A very long green bar, 142c green higher body 12c neck 0c tail
    meaning itwent from daily lows to daily highs all morning and kept going
    The SHORTS forced to cover in droves now joining the LONGS buying spree

    I think this has everything to do with the H factory & UK H supply which could become globally massive for FMG. Green H production is difficult and costly & 95% of H production is dirtier than coal production but its volatile & dangerous but lacks supply.

    Most H production 95% is from ammonia NH4 or methane CH4 electrolysis not water H2O.
    There are carbon byproducts and the energy taken is less than the energy produced, if you can change that around then it would work but very slowly and expensive, yet the gas is in demand lets face it.

    Maybe AF is a genius.
    Corner the H market supply chain

    My call now is 16.00 breakout then 19-22 by Feb as usual for the Nov - Feb bullrun season as in the last 2 years. Still 26 double top I also called seems so long ago now.
    Last 2 years 35%-55% Nov to Feb, i have been saying this for a month on here.

    Bullish November is finally HERE.

    love the smell of napalm in the morning.
    Shorts got smashed, BURN EM UP.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$21.26
Change
-0.450(2.07%)
Mkt cap ! $65.45B
Open High Low Value Volume
$21.70 $21.70 $21.02 $145.2M 6.814M

Buyers (Bids)

No. Vol. Price($)
1 9760 $21.26
 

Sellers (Offers)

Price($) Vol. No.
$21.27 7866 4
View Market Depth
Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.