FMG 1.04% $20.35 fortescue ltd

FMG Technical Analysis, page-7938

  1. 9,800 Posts.
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    Another green candle today but lower
    10c body 14c neck 2c tail
    range tightened, 18.90 saw resistance
    a 3 wave daily chart pattern in a small range, meaning shorts going nowhere

    The lower open cut the shorts out yet again
    It feels like the BB team is back on the boards.
    Monthly chart showing steady rise pattern from annual lows

    A series of bullish green candles in a row.
    shorts may try at 19-22 to stop the run but with this chart why bother losing fortunes, just wait for the top point

    19-22 on the way imho.

    SHORTS burning & losing fortunes still,
    you wouldve thought they would have grown a brain by now but no they still dont get it & they dont have to, its not their money nor their shares and they dont even need to read, write or do primary school maths.

    BURN those SHORTS!
 
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