FMG 1.10% $19.76 fortescue ltd

FMG Technical Analysis, page-10990

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    Another red candle body -11c
    another lower open -13c
    another long tail -24c
    another break below 25.00

    mountain top looking like ready to continue downlower to base camp 23 area
    SHORTS looking for 20 area during BEAR SEASON

    TA is objective, no irrational exuberance like some of you display, best to listen to the charts than emotional greed from unjustified BULLS.

    BULL SEASON might start again in November.
    Till then the zigzag lower continues like it has for the last 5 years at this time till the SHORTS crackdown cometh.
    SHORTS are in charge imho.
 
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