FMG 5.31% $19.27 fortescue ltd

FMG Technical Analysis, page-11024

  1. 10,044 Posts.
    lightbulb Created with Sketch. 4347
    Another long dagger tail 40c
    Another drop under 25.50
    Another lower open -18c
    another V daily chart
    another close below prior close -9c
    closed below the easter ledge level also

    small green candle but lower than prior close unconvincing

    BEAR SEASON is here and I expect a sharp dropdown in either May July Oct as before
    SHORTS looking for 20-22 imho
    Annual rounding top pattern completes at 20-22
    Buyer beware. Wait for the annual lows imho.

    SHORTS eyeing off a snapdown imho.
 
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