FMG 3.61% $20.10 fortescue ltd

FMG Technical Analysis, page-8296

  1. 10,002 Posts.
    lightbulb Created with Sketch. 4322
    boom
    21.00 now
    a higher open
    a higher red candle with 9c body 0c neck 19c tail
    meaning the high open burnt the overnight shorts but the daily morning shorts piled in yet at 20.90 they got reversed and it ran higher forcing them to cover

    SHORTS lost another fortune today.
    Thats 4 days of shorts burning in a row.
    IOP at 150 makes a motza for FCF here.

    21 is here so 22 looks the target and then we will see if this can retrace to the all time highs or smashed back lower yet again.

    BURN them SHORTS, BURN!
 
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