FMG 0.74% $17.37 fortescue ltd

Ann: Media Release FY18 Results, page-131

  1. 10,673 Posts.
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    FMG loks to me that it could get back to $4.30 before the dividend and then work its way down to $4 and mabe $3.95 after the dividend sell off.

    If you are looking for a good ride over the next few months take a look over at the CPV Chart thread, a bagger by Christmas we reckon.

    FMG is in a falling wedge chart pattern and I think it will hold this level before the dividend, afterwards then $4 seems obvious.

    I will post a Chart on the FMG TA thread as soon as I can get tinypic.com hosting site to get back online.
 
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