nice and simple, page-8

hi folks,

I go along wiht Rob's assessment. His chart indicates very clearly that we either have a symmetrical triangle (could go either way) or an ascending triangle (usually goes north). I think in FMG's case this is a strong signal for an upcoming break-out north. Resistance is very firm at A$ 7.60.
The whole industry is now looking at Twiggy for him to meet his deadline for the first delivery in May. Although this will have a rather minor impact on the SP in the long run it's amazing that the technical analysis coincides with an upcoming major mile-stone for FMG.

Vero, be carefull, your mate has used someting around 10/30 EMA for his analysis rather the more conservative 30/150 or 30/180 EMA. By doing it your way , yes you can come up with dead and golden crosses all day long....

Just my thoughts...