FMG 1.20% $21.41 fortescue ltd

FMG Technical Analysis, page-8943

  1. 9,764 Posts.
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    SHORT ATTACK in progress today
    a long red candle on a stable opening, a bearish candle, first one on a while
    then SHORTED all day now covering into close as they made an easy 50c short today

    the 22.00 held again
    the 23.00 area again showed resistance.

    today a red body 47c 4c neck 22c tail and \_ backward tick daily chart
    meaning SHORTS in charge today

    Looks like 22-23 which was my call months ago as the top range looks good
    this may be the SELLZONE but wait for this week for confirmation,
    some INSTOs are piling out over 22.00 and going SHORT.

    Might be time to skim and cash up if tmrw to Wed its another bearish candle or 2.
    a green candle at 22.10-22.50 next 2 days will be another bullish harami & a reversal pattern.
    If we see more bearish candles it will be a signal of a top.

    SHORTS are BURNING LONGS today.
 
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Last
$21.41
Change
-0.260(1.20%)
Mkt cap ! $65.92B
Open High Low Value Volume
$21.52 $21.67 $21.30 $150.5M 7.000M

Buyers (Bids)

No. Vol. Price($)
1 93 $21.40
 

Sellers (Offers)

Price($) Vol. No.
$21.41 12657 3
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
FMG (ASX) Chart
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