FMG 0.87% $21.71 fortescue ltd

could a chartist please advise, page-3

  1. 272 Posts.
    Sounds right. Just to add my 2 cents....the daily bar chart shows an ascending triangle that has already reached it's apex. To validate this pattern you would expect to see lower volumes during its formation(which we have) and then massive volume on breakout. Breakout could be either way still, so will wait for confirmation of direction before putting the hard earned into it. Any positive news now could see it go vertical from this pattern and not only challenge it's old highs but go hard to 3.50+

    Don't own any yet, but I am circling
 
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
FMG (ASX) Chart
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