FMG 1.10% $19.76 fortescue ltd

In this spirit of technical analysis, correct me if I'm wrong....

  1. 157 Posts.
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    In this spirit of technical analysis, correct me if I'm wrong.

    23.32 is a decent resistance line (broken thus far which is good) but my understand is need to see a retrace or a profit taking consolidation pattern before a bullish candle confirmation. Thoughts?

    https://hotcopper.com.au/data/attachments/5724/5724182-ad6849ca44d7d8ed0724abda83ef6c86.jpg

    I think the slight slope down is a decent pull-back on the intra-day and now it's a matter of a bullish candle confirmation

    https://hotcopper.com.au/data/attachments/5724/5724188-8ecc0c490375b6cab72641826977f62b.jpg

 
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