FMG 3.09% $17.34 fortescue ltd

Could WES be interested in FMG?, page-19

  1. 42,615 Posts.
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    Theron, in other words fundamental analysis out rank TA. I can understand that, simply put use the 2 methods in sink. Lots here talk the FA route but not sure what they are holding LT. The sector has been very bearish the whole of this year so surely it was revealed with the FA?

    Think of all those who thought BHP were a good buy on a monthly basis as the price collapsed. I suspect some more pain in the sector before things recover. Just a matte of time eventually it can't get any worse when the last high cost producer has washed out of the market. Meantime the bearish extension is still stretching.
 
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$17.34
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0.520(3.09%)
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$17.31 $17.51 $17.00 $309.6M 17.18M

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No. Vol. Price($)
1 300 $17.33
 

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Price($) Vol. No.
$17.35 28897 5
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