FMG 1.86% $19.54 fortescue ltd

FMG Technical Analysis, page-10382

  1. 6,314 Posts.
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    This is the biggest problem the market is facing at the moment. Post #:69913787 and personal responsibility has a lot to do with it. The human brain is very quick to assign fault elsewhere than to look within for a solution.
    https://hotcopper.com.au/data/attachments/5737/5737016-24a10e0b4d6f1b2a437855838a6b4d43.jpg

    Per Post #:57520770 Best time to buy is when it is all doom and gloom. Always have been always will be the solution. (Purchases marked with Amber arrow in the chart below). Given time and a bit more experience perhaps people start to learn. Some TA and Looking at the 3 Cashflows goes a long way... Those that don't learn usually ends up giving up eventually.
    https://hotcopper.com.au/data/attachments/5737/5737045-e5c6374a90c7a3252400cc27c56cd010.jpg
    Even if the opportunity above was missed. One could have done it gain a year or so later Post #:64803137. Although the window was much more brief in November 2022 (Marked in purple arrow). In this case a bit of peer analysis will go a along way.
    https://hotcopper.com.au/data/attachments/5737/5737075-0f726a52028e07df129dfebde00117b9.jpg
    https://hotcopper.com.au/data/attachments/5737/5737098-6fcb71e58da4db4bf7d1918d5e50d465.jpg

    If you've done the hard yards beforehand. On a day like today. You are just sitting back and relaxing. It is now a nice waiting game. Planning to offload some depending on what happens at the ATH resistance (upper most red line). Always nice to have some dry powder for the next time there are bargains. Wash rinse repeat... If FMG breaks above the ATH resistance emphatically then probably won't offload any and will happy to let her run for a bit longer...

    Last edited by Exised: 15/11/23
 
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