FMG 4.74% $20.32 fortescue ltd

FMG Technical Analysis, page-11589

  1. 9,995 Posts.
    lightbulb Created with Sketch. 4320
    lower open -35c did the trick
    another rising daily chart pattern hated by shorts
    another green candle with +37c green lower body
    another longer neck than tail 9c v 5c
    the small tails & green candles are worrying the shorts

    19-20 reconnect looking on
    another breakout attempt at 19.00 area
    10DMA hitting the line
    RSI MACDS all reversed
    MACDS now +0.48 up from 0.00
    RSI at 62.8 up from 30
    Upper Bollinger bank got hit yesterday
    2 lower green candles in the gapup in a row
    barchart TA turning green on ST indicators

    SHORTS are burning up badly since 11 Sept, 15 days of shorts torture, fantastic.

    V WHIPSAW chart taking shape as I called it.
    Shouldnt be below 19-20 imho
    And you guys were laughing at my 19-21 annual low calls !
    Not laughing now at my rebound calls are ya !

    BEAR TRAP SPRUNG,
    SHORTS AGAIN CAUGHT in the BEAR TRAP, just as I called it SPOT ON.

    BURN THEM SHORTS, BURN !
 
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