FMG 1.04% $20.35 fortescue ltd

FMG Technical Analysis, page-10902

  1. 9,800 Posts.
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    25 broken down as i called it would SPOT ON!

    another long red candle this time -27c
    another false start pattern, L shape daily chart loved by SHORTERS
    another lower open this time -4c from prior close
    another long tail this time 19c & hit 24.54 lows
    at 4 month SP lows

    getting the hint again yet bull boyz?

    Cliff face continuation on the annual chart continues
    double mountain top visible and defined even more
    BEAR SEASON here or on the way.
    breakdown of 25 handle confirmed as I said SPOT ON
    gone below that 24.87 handle from 27 November

    SHORTS in charge to 24-25 area as I said SPOT ON.
    SHORTS looking for 20 -22 handle for annual lows imho
    may take time for them to drop this but last few years it was a sharp fast 400c drop down

    Wheres the thanks for my good call on here using TA?
    Cat still got your tongues?
 
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