FMG 0.23% $21.77 fortescue ltd

no top up time yet imho Wait for the reversal candles, the...

  1. 9,768 Posts.
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    no top up time yet imho
    Wait for the reversal candles, the flooring patterns & the seasonal BULL period imho.
    Not appearing at all atm, exact opposite right now
    the bearish candles and cliff face deepening.

    last 5 years the same patterns, usually its seasonal, usually lows in July and end Oct
    from 1 November the BULL SEASON starts
    Last year it started early in September (my call was late)

    so 3 brokers calling 18.70-19.28 with Macquarie boyz oddly calling a crash to 12.50
    None of them called 20-22 in Feb this year did they.
    Now they see the charts, reports, fuddy duddy non revenue earning cashburning rainbow plans.

    AF just lost $1,200M on Ni folly on Noront & MCR and $90M on a new bachelors jet and blew his top holdings in POS (his Ni chairmanship 2008- 2012), AGO (now Ginas $20B) AHZ (now AVR).
    AF now spending on Gaza, slaves and the climate.

    I coulda burned $1,200M better than him easy and freed at least 10 working slaves.

    Wheres the core business at?
    Wheres the refinery, the new port berths at PH or the new mines/ports at Exmouth or the pCam refinery in kalgoorlie that he planned with IGO ???
    Nowhere to be seen.

    Best to wait patiently for the reversal patterns and green candles and seasonal bull period.
    Not anywhere near it atm.

    Trading Rule 10
    Patience is a virtue, money moves from the impatient to the patient (Buffet)
    Last edited by tomboy: 24/06/24
 
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