FMG 4.11% $17.97 fortescue ltd

FMG Technical Analysis, page-1950

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    Another bullish candle today
    5c green higher body with 5c wick and 2c tail
    3 wave intraday pattern as shorts got smashed by the BB team with higher lows daily on each wave low point.

    Volume elevated. At 4 year lows,
    Cliff face has converted into a zigzag V V V V classic bottoming pattern.
    3.60 looks the triple bottom support as I called before,
    shorts are not getting anywhere so may have to cover once the sharp rerate happens as it should.

    yes I calling 4.00-43.0-4.65 reconnect.
    The share price is disconnected with the fundamentals for the last 6 months.

    IOP at 77 with costs at 13, amazing margins and undervaluation here.
    Should be at 6.00 now but the shorts have had a great bear run, up till now.

    Smash those shorts.
    Last edited by Samboy69: 29/10/18
 
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Last
$17.97
Change
0.710(4.11%)
Mkt cap ! $55.32B
Open High Low Value Volume
$17.30 $18.03 $17.13 $198.6M 11.21M

Buyers (Bids)

No. Vol. Price($)
7 31540 $17.95
 

Sellers (Offers)

Price($) Vol. No.
$17.98 24196 6
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Last trade - 16.10pm 21/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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