FMG 0.26% $19.55 fortescue ltd

FMG Technical Analysis, page-10158

  1. 10,131 Posts.
    lightbulb Created with Sketch. 4379
    Opened at -25c lower yesterday
    Then ended as another lower red candle with -11c lower red body 18c neck 5c tail
    meaning the lower open kept going lower again closing near daily lows

    again below 20.00
    again red candle
    again lower open
    again long neck small tail near daily lows
    again SHORTS in charge

    shorts target is 19-19.50 ST imho
    then the collapse to 16-19 again imho
    annual.lows were 1470 last 31 october

    That death cross 2 days ago is a bearish signal not to be ignored.

    its CRASH SEASON so buyer beware wait for lows, nowhere in sight yet imho.
    Last edited by tomboy: 14/09/23
 
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