FMG 3.61% $20.10 fortescue ltd

FMG Technical Analysis, page-11064

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    another red candle -16c
    another higher open got cutdown with close below the open
    another W zigzag daily chart
    another tail much longer than the neck 18c v 11c
    another sub 25.30 breakdown again

    the wagging tails are worrying and its BEAR SEASON.
    the SHORTS are attacking the daily lows daily regularly.
    the chart is unconvincing.

    the smackdown is coming, SHORTS eyeing off a sharp SHORT ATTACK sooner or later,
    Don't say i didn't warn you.
 
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