FMG Technical Analysis, page-2223

@Moneymaker1979 stated on friday:-
"Are we going to see that mammoth bounce of 5% on Monday? It long over due."
Moneymaker1979

2,080 Posts.
37
Date:
01/12/18
Time:
14:17:02
Post #:
36716125

What a genius! Spot on call.

5.4% and rising so far.

open higher from 4.00 to 4.15 then run up to 4.23 now sitting at 4.21 near daily highs with gapup green bar with 6c body 3c tail and 2c wick.
May look to take out the 4.30 resistance point then 4.65.

With BB1 & BB2 teams buying back shares like crazy, the shorts are burning up badly and have to cover, Forrests buying in co-ordination looks to have surprised them completely.

Should run strongly to the 4.65 pivot point imho. Thats where the real resistance may come as it was a 3 year support point there for a long long time.

FMG should be way higher than that anyway on fundamentals.

BURN those SHORTS BURN!
Its MONEYMAKER's 5% MAMMOTH BOUNCE!