FMG 2.00% $18.33 fortescue ltd

FMG Technical Analysis, page-11320

  1. 263 Posts.
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    Short-term double bottom on the daily at $21.02. Ideally you would want to see significantly less volume on the second candle in the double bottom, indicating supply dwindling, which didn't happen here. Needs to push above $21.70, the high of the first candle on the double bottom for starters. Double bottoms can become reversals. Push below $21.02, forget about it. Sentiment now neutral, watching for potential entry,

    https://hotcopper.com.au/data/attachments/6273/6273484-c1f7006609fc3f6022114f052c9b9172.jpg

 
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