rbs australia - $7.37, page-5

On March 25 I posted FMG was on the thin edge of the wedge with lower highs and higher lows...and the low Stochastic gave a positive clue that it was more likely to breakout than break down...

It has broken out, not very convincingly--yet.

I make these observations about the chart:

Moving averages are more or less converged, and bollinger bands are narrowing, indicative of another big price move, which can be either way.

MACD is flat, and gives no clues. Volume is on daily average of last 50 days, so no buying or selling pressure.

So a little too early to make predictions. $5.20 would be a short-term target, and offer resistance. But see if it retests the tredlines.

--and just finally, once again, best to ignore ALL broker recomendations, whether bullish or bearish.