FMG 1.20% $21.41 fortescue ltd

well well well Another red candle -37c another long tail -31c...

  1. 9,762 Posts.
    lightbulb Created with Sketch. 4214
    well well well
    Another red candle -37c
    another long tail -31c
    another tail exceeding the neck 0 v 31c
    another lower open -1c

    I was SPOT on with my BEAR SEASON call here.
    In Feb I called 20-22 annual lows and I got it SPOT ON !
    Now closed under 21.30 with tail hitting lows of 21.02 today, testing the break below 21.00

    Monthly & annual charts in freefall,
    Annual chart shows the CLIFF FACE getting longer & deeper with no end in sight yet.
    The pattern of lower lows and lower highs continues
    SHORTS in charge & BEAR SEASON as i called it SPOT ON in March months ago

    SHORTS eyeing off 20-21, can they break this to that 19.00 support from 2023?
    Or will my call of 20-22 annual lows be spot on again?
    Long way to go till July lows and then Oct lows during BEAR SEASON

    Question is now where will the lows be as no end in sight of this cliff face pattern although the down momentum is waning & reducing in severity so 20-21 -19 maybe? We will soon find out.

    Trading rule 4
    Dont catch the falling knife, never buy on the way down, wait for the floor, it will be boringly obvious and no one interested in it

    When in Feb I called a BEAR RUN and CLIFF FACE the rampers on here laughed and humiliated me, joking how dumb and stoopid I was & this was headed to the moon, BUT NO LONGER do i hear them laughing. Cat got the BULLS tongues well and truly TRAPPED just as I correctly predicted.

    Shoulda taken the money at 29 toombs, like I said SPOT ON.

    BULL TRAP SPRUNG !
 
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Last
$21.41
Change
-0.260(1.20%)
Mkt cap ! $65.92B
Open High Low Value Volume
$21.52 $21.67 $21.30 $150.5M 7.000M

Buyers (Bids)

No. Vol. Price($)
1 93 $21.40
 

Sellers (Offers)

Price($) Vol. No.
$21.41 12657 3
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
FMG (ASX) Chart
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