FMG 0.49% $18.18 fortescue ltd

FMG Technical Analysis, page-8470

  1. 9,929 Posts.
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    well frogbat it hit 19.68 today so a nice skim for you if you did what you said you would do.

    Well I guess Im not allowed to predict anything on here then despite doing so on here for 9 years already!
    But I will post the TA of friday (edited) and today again

    Friday-
    "today a red candle with 14c body 17c neck 13c tail, well balanced tripart candle
    yet daily chart shows a run in morning met by a SHORT attack lunchtime that stayed down 25c and zigzagged all arvo. Monthly chart shows a rising wedge but the annual chart shows this is a lower high and lower low pattern right now and its attempt to seeking to exceed 21.45 the prior high is flailing & xxxx to xxxxx it. IF this retraces down from say 19 then this COULD show another lower high from 21.45.
    xxxxx bear season Aug to Oct, xxx , thinking its going xxxxxxx is xxxxxxxx when last year it was smashed down 26 to 14 to Oct 2021.
    SHORTS were in charge today & xxxxxx xxxx xx October. The xxxxxxx equity crash xxxxxxx.
    Trading Rule 5 - xxxxxxxx" (censored despite repeated on here 20 times before!)

    Today Monday TA analysis -
    a shooting star candle with 11c green body 55c neck 10c tail
    meaning its bearish at bi-monthly highs
    That long streak up was sold down sharply in that 1 hour spike in the morning.
    So SHORTS smashed that spike to 19.68 yet it closed above its open still.
    That long long neck is a worry.

    Im not allowed to say what I predict apparently so I will just mention the past -
    Bear season last 2 years was Aug to Oct.

    oh and-
    BURN THEM SHORTS, BURN!
    Last edited by tomboy: 15/08/22
 
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