FMG 4.56% $20.29 fortescue ltd

FMG below $1.60, page-2

  1. 43,254 Posts.
    lightbulb Created with Sketch. 1024
    If there is a quick reversal above this level than it can be taken as a fakeout. If the close close below and we have another bad US/Europe selling again tonight then this is not a bargain.

    I am surprised the Yuan fix unchanged + cost of shorting Yuan increased has not stop the selling in equities. Starting to look bad on all fronts. Oil/gas and Resource are targeted for selling whether genuine or shorters.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.