FMG 3.61% $20.10 fortescue ltd

FMG Technical Analysis, page-10092

  1. 12,191 Posts.
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    as expected, that fall on Friday took the pressure of the sp to fall further on going ex-div today... opened at less than the ex-div price of 19.30 (19.40) and is currently trading @ 19.80... so that 5% drop of Friday acting as some sort of a shock absorber imo... if we get back to 20.30 today that would be a great outcome... akin to "back to square one" with a lot of negatives absorbed and the ex-dividend shock in the rear view mirror... then it is back to BAU with ticking along with the rest of the market + IO price + AU$ strength
 
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