FMG 2.89% $20.68 fortescue ltd

FMG Technical Analysis, page-7854

  1. 10,011 Posts.
    lightbulb Created with Sketch. 4323
    Daily chart another long green bar with higher open

    17 of 20 day candles were bullish last month, amazing.

    I have made my call of 19-22 by February
    Interim target on this spike retrace from annual lows is 19.00 imho
    With 20.00 a psychological barrier to break back.
    Should see a run at it by 31 December like last 2 years where a 35%-55% spike of SP happened.

    Continued massive FCF, continued increasing production, IOP stable around 100 & large divy payments & H production boom will support this recovery in SP imho.

    I love the smell of napalm during Christmas...

    SHORTS BURNING to a crisp
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.