FMG 2.89% $20.68 fortescue ltd

10.50 monday, page-9

  1. 7,728 Posts.
    Interesting observation from Marcus Padley:

    Interesting bounce in the Fortescue Metals chart – it fell 33.4% in 11 days from 1315c to 875c (Andrew Forrest lost $4.4bn) and seems to have hit bottom although its doesn’t look technically significant. Good luck trading it…it clearly defies short term scientific analysis…doesn’t everything. If the long term trend is intact this is a buying opportunity
 
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