FMG Technical Analysis, page-10941

Here's a classic from a few years ago. Sound familiar? How disastrous it would have been to buy FMG at the outrageously inflated price of $5.17.


https://hotcopper.com.au/threads/fmg-technical-analysis.3476004/page-183

Well well well, the rampers like @Rosayrov & @Tcb007 have been wrong again and again
posters like @tbo350 & @Samboy69 have been spot on.

I have been warning you all for weeks and you cant see the wood for the trees, blinded by the dividends and IOP rises that are now a distant memory. The shorts are in charge.

That rounding top pattern turned into a cliff face 9 days ago and it just got even deeper by a massive 26c today from 6.00-5.43 to 5.17 ending today at daily lows another terrible sign. The damage at opening 13c lower and then another shorting attack all morning down another 13c and the arvo rises was sold off to the daily lows.

Another terrible longer lower red bar 13c long but a whopping 26c lower than yesterdays close and an even more stunning 33c lower than yesterdays daily highs.

I have been warning you about this cliff face & the bearish shooting stars and long bearish daily candles here but you werent listening.

The CLIFF FACE is real.
look at the chart now, its in freefall toward 4.90/5.00 then 4.65 support levels. They want to round off the double rounding top pattern to 5.00 and do it quickly.
Feed that screaming baby you are holding please! My ears are hurting.

FMG Price at posting: $5.17 Sentiment: Sell Disclosure: Not Held