FMG 0.33% $18.18 fortescue ltd

Another bearish candle another false start pattern another L...

  1. 10,133 Posts.
    lightbulb Created with Sketch. 4379
    Another bearish candle
    another false start pattern
    another L shape daily chart

    all LOVED BY SHORTERS~

    today it opened +21c then got SHORTED all day
    ending up as a higher red candle with -29c red body 5c neck 21c tail
    that longer tail worrying yet again
    SHORTS made an easy ~40c today

    ASX at record highs but FMG goes down, yep same old
    closed below 26 yet again
    the double mountain top on the annual hasnt reversed, in fact the pattern is a confirmation
    the cliff face hit a ledge around 25.90 but this has NEVER been support nor resistance in the last few years so its a fake ledge and should get smashed to the support level 22.50 23.50 imho

    BEAR SEASON is upon us and the SHORTS look to complete the rounding top pattern to 20 imho
    last few years a sharp 400c drop from highs and looks like history is repeating itself.

    SHORTS in charge, i did warn you all but you didnt listen.
 
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Last
$18.18
Change
0.060(0.33%)
Mkt cap ! $55.74B
Open High Low Value Volume
$17.90 $18.75 $17.75 $123.0M 6.815M

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No. Vol. Price($)
18 2905 $18.17
 

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Price($) Vol. No.
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Last trade - 14.36pm 12/11/2024 (20 minute delay) ?
FMG (ASX) Chart
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