FMG 3.61% $20.10 fortescue ltd

FMG Technical Analysis, page-11161

  1. 10,003 Posts.
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    Another red candle -16c
    another close near daily lows
    another unsupported long neck 37c that got cutdown back by SHORTS
    another daily false start pattern
    another higher open that got smashed lower to the daily lows by the daily SHORTS
    another breakdown below 26

    Its BEAR SEASON and still not looking good
    the dead cat bounces and zigzags are not bullish patterns imho
    SHORTS trapping the BULLS & taking their money easy looks like to me.

    SHORTS looking to crack it down to 20-22 imho normally late May & early July & late Oct are the lows or annual lows

    BULL TRAP still in play imho.
 
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