FMG Technical Analysis, page-8350

I don’t fully agree with the comments made.
Here are a relatively large factors which from my experience have made an impact on the FMG share price apart of the ones mentioned by you:

-market sentiment

- Dow Jones behavior

- “recommendations” provided by “prominent” brokers

- SP manipulation by large holders (big funds).

How can you explain that without any change in the fundamentals mentioned by you and a minor change in the IOP, the FMG SP for the past couple of weeks has dropped by over 10%?

At the same time looking at the chart, I can clear say that

- - there is a very strong resistance in the $21.5-$22 area

- - there is a very good support between $18.50 and $19.

The last 2 observations have been proven by the chart. So technical analysis even in this stock is also important too.