FMG 1.10% $19.76 fortescue ltd

FMG Technical Analysis, page-9558

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    first green candle in a while
    first bullish daily chart in a while

    opened up 13c now a green body of 32c 0c neck 2c tail
    meaning its at daily highs and now a sitting target for the SHORTS in arvo yet again.

    the same SHORTS who smashed this 420c from 23 to 19 last few weeks and 150c last 2 days from 2050 to 1900 and are rubbing their hands right now.

    arvo trade will be interesting, will the LONGS get SHORTed yet again here, probably 90% chance of a lower close than here.
    Another dead cat bounce during BEAR SEASON? Yep.
 
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