FMG 1.96% $17.97 fortescue ltd

FMG Technical Analysis, page-10701

  1. 9,894 Posts.
    lightbulb Created with Sketch. 4279
    30 ceiling hit twice
    the 30 target nearing
    BULL SEASON petering out looks like, last 4 years petered out early Jan and mid Feb highs, same again?
    the mid Jan drop got reversed back to BULL SEASON high zone, a surprise but still hasnt cracked 30.00

    doji candle today at ATH is not looking good.
    23c tail and 22c neck
    daily chart another zigzag W pattern

    At ATH its worrying for BULLS imho
    Cant be long before SHORTS attack this again in force

    If it wont go up, it will go DOWN.
    The INSTOs need cashflow one way or another.

    Dangerzone arrived again.
 
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