FMG 0.43% $16.13 fortescue ltd

FMG Technical Analysis, page-11160

  1. 9,943 Posts.
    lightbulb Created with Sketch. 4299
    Another red candle
    another close near daily lows
    another unsupported long neck that got cutdown by SHORTS
    another false start pattern
    another breakdown below 26

    Its BEAR SEASON and still not looking good
    the dead cat bounces and zigzags are not bullish patterns imho.

    SHORTS looking to crack it down to 20-22 imho normally late May & early July & late Oct are the lows or annual lows

    BULL TRAP in play imho.
 
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