FMG 1.10% $18.88 fortescue ltd

not looking good here annual chart showing a cliff face formed...

  1. 10,129 Posts.
    lightbulb Created with Sketch. 4379
    not looking good here
    annual chart showing a cliff face formed with double mountain top
    monthly chart at monthly lows
    pattern of lower lows and lower highs formed
    daily chart shows a false start pattern with arvo drop down to open

    today a doji candle with -1c red body and long neck 39c but only a 15c tail
    an unsupported runup got SHORTED back to base

    close is below the 29 Feb prior low close
    another lower low.

    BEAR SEASON coming, SHORTS in charge.
    25.00 is the target this week
    then SHORTS will seek 20 area during BEAR SEASON imho.
    BULLS in denial and laughing while their stock value burns, clearly irrational.

    Come to mama, think of the kids, nothing ever goes up forever, the power of gravity is strong,
    The colour of money is green, it doesn't love you back.
 
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