FMG 1.44% $21.21 fortescue ltd

FMG Technical Analysis, page-8120

  1. 9,789 Posts.
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    Im still here guys

    today a doji hammer candle
    6c green body 29c neck 50c long tail
    meaning the highs and lows got swept up & shorts were burning on the retrace
    the flat open got smashed then reversed and shorts forced to cover all day.

    The hammer at this chart shows strong support at daily lows & its a bullish candle
    also its fighting around 21.00 & still well above 20.00

    My call last year was 19-22 by February so still a few bullish weeks left to go
    that run at 22 didnt make it so my call looks spot on,
    resistance around 21.50-22.50 like last time on the way up and down.
    Expected resistance has shown up 21.50-22.50 as I thought it would,

    For those who listened at 14 and now listening at 22.00 thats a good 60% return in a few months isnt it?

    Today the SHORTS were BURNING BADLY
    Burnt them SHORTS, BURN!
 
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$21.21
Change
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Mkt cap ! $65.30B
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$21.60 $21.64 $21.15 $128.2M 6.026M

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Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
FMG (ASX) Chart
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