FMG 1.24% $17.95 fortescue ltd

How long will this bull run last?, page-28

  1. 6,388 Posts.
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    Don't know don't care. I do my own analysis based on the raw data out there. I do not know whare the market is going on a daily to a week basis. I will be the first to admit that I don't have a crystal ball. So the when is always going to be unknown. But given a reasonable timeframes of
    - Short term (within 3 months)
    - Medium term (1 year to 3)
    - Long term (3+ years)
    We can see what the underlying pattern is that the TA is showing.

    But if you twisted my arm, this time 2025 for the $36.12 target seems reasonable to me (marked by the cursor in the chart below). It will need to pass the purple vertical line before the pattern concludes, usually. A good full cycle + on the Elliot Wave. If it gets there beforehand then you should be wary as the run is unsustainable.
    https://hotcopper.com.au/data/attachments/5821/5821816-dd920eb7bc9e220eff04748073ceb4bf.jpg


 
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