FMG 1.10% $19.76 fortescue ltd

FMG Technical Analysis, page-11152

  1. 38,046 Posts.
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    On the theme of this being a TA thread, have a look at the 20 dma (grey I think) in the screen shot below, with 50 dma (red) and 200 dma (blue) also shown. I have added vertical lines at the obvious inflection points.

    The stronger the inflection (up or down) the more immediate the ongoing price movement response … it happens well before death crosses (50 dma passing down thru the 200 dma) and Golden Crosses (50 dma passing up thru the 200 dma) … seems reliable enough to me that I will use to time selling and buying.

    https://hotcopper.com.au/data/attachments/6164/6164040-26605c82591bc99e8a939d9f8ead91b2.jpg


    Dex
    Last edited by poyndexter: 11/05/24
 
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