FMG 1.20% $21.41 fortescue ltd

woah not looking good bull boyz, gap down on open a whopping...

  1. 9,764 Posts.
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    woah
    not looking good bull boyz, gap down on open

    a whopping -64c lower open and then a red candle to boot with -10c red body 18c neck 26c tail
    the tail longer than the neck but that smashed open is telling.

    rounding top pattern formed again and mountain top forming
    cliff face forming on the monthly chart
    looks to be targeting 26 area

    double mountain top pattern on the annual chart formed
    26.65 has to hold for the bulls or it will be a lower low and a bearish TA breakdown
    BEAR SEASON impending, SHORTS seizing their chance.

    If it wont go up they will SHORT it down,
    same old pattern for 20 years here (bar early days 2003-2007 and 2020).

    SHORTS in charge here as I called it SPOT ON!
 
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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