FMG 0.05% $21.80 fortescue ltd

This a TA breakout based on the IO price and massive FCF flowing...

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    This a TA breakout based on the IO price and massive FCF flowing into FMG coffers the last few months with IO above 70.

    I called for months that 4.30 would be broken and then go to that 3 year prior support point of 4.65.

    4.65 resistance here we come.
    If that breaks I called a run to 5.30
    I also stated for months that its a classic rebound pattern since the double lows and a breakout pattern since its held above 4.00.

    Expect another BB launch this year of another $500M imho after the massive success of the first one


    the SHORTS are BURNING!
 
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