FMG 2.81% $20.72 fortescue ltd

FMG Technical Analysis, page-8095

  1. 1,459 Posts.
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    Trend is still strong, insane that it's going at near on 45deg rise for so long.
    Still expecting to see resistance at the gaps down created July and August last year.
    Could see pushing record highs pre Feb release.

    Price is sticking closely to the Fib extension i have up, you can see the price congregate around the 0.618, 0.5 and 0.382 areas. It's now broken and is clear skies to the record high.

    Closing those gaps will be key to getting back to ATH, but if the buyer/seller ratio stays at what it is, should be OK

    https://hotcopper.com.au/data/attachments/3982/3982616-e5e945fd89dc2837449227d0d33241b7.jpg

    Last edited by TimtamTom: 14/01/22
 
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