FMG Technical Analysis, page-8830

BOOOM

I love the smell of napalm in the morning.

Once again a breakout from 21.00

And yet another higher green candle
gap up on open 31 c higher than prior close & then kept going higher
28c green higher body 22c neck 0c tail
meaning the daily lows were never retested

closed 59c higher than the prior close
another higher high and higher low formed in this BULLISH wedge chart pattern

SHORTS entered at 2160 to snap it to 2135, a pathetic 30c gain but a loss for them of 60c daily.
Any overnight SHORTS burnt to a crisp and down 60c.

My call of 22 looking SPOT ON
Should hit this next week then the zigzag fun begins 22-23 imho

If IOP at 110 VERY BULLISH for FMG
If IOP keeps going UP this may change everything though, last time IOP went to 150-250, FMG went to 26
SHORTS didnt expect this at all but I DID.

SHORTS are BURNING.