FMG 4.01% $19.73 fortescue ltd

FMG Technical Analysis, page-10102

  1. 10,050 Posts.
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    Bearish sentiment mate.

    im analysing the daily & future short term trend come what may.

    Today another lower open turned into a smackdown the V recovery back to open
    Sits as a small red lower candle, doji with near even tail 16c & neck 13c
    Meaning indecision & traders in charge

    still flirting with 20.00-20.50
    Still engulfed by those 2 large swing candles

    im saying during CRASH SEASON no way would i buy here mid chart until 1 nov.
    Last year the annual low was 31 oct & the coming equity crash will not spare fmg imho

    too many risks, wait for the floor & reversal camdles
    My call im sticking with
    16-19 lows which has already hit ywice despite laughs from the ramp crew who failed to sell at highs of 23.70 like i correctly called it.

    if you love fmg, just wait for the bottom & its nowhere in sight right now imho

    SHORTS are ever present here & in revenge i love seeing them burn. Till then, buyer beware as they want your money in this BULL TRAP peroid till 31 october.

    TA isnt about emotions or ramping but reality.

 
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