FMG 8.47% $16.20 fortescue ltd

fmg and fe, page-482

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    The mid point of Friday's long red candle -6.20- is acting as a magnet or minor resistance level and that is the tussle going on at the moment between bulls and bears.

    A close > 6.20 should see a retracement back up to the moving averages in the next couple of days.
 
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