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$21.27 fortescue ltd

FMG Technical Analysis, page-11352

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92 Posts.

34

03/07/24

16:26

Post #: 74591423
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Originally posted by tomboy: ↑

not looking good, TA is blaring RED signals on many parameters

another red candle -11c
another lower open -15c
another unsupported neck 15c
another breakdown below the 21.50 pivot thats been in play for 5 years now up and down

CLIFF FACE continuation headed toward 20-21
big sharp drop since annual highs, a whopping 850c lower now,
now sits with a double mountain top in Jan on the annual chart, I was correct this was the SELL ZONE

My correct call in Feb of a drop to 20-22 SPOT ON.
now 21.41 close on ASX ChiX even lower at 21.33
8 month low

writing is on the wall
will 20-21 hold or will the SHORTS test the 2023 lows of 19.00? We will soon see.

I expect the SHORTS to play this in a zigzag like they did the last 5 years around this time to sux in the BULLS into the BULL TRAP again and again and again to sweep up their cash easy,
Normally the annual lows hit in July, Sept or Oct here.
wait for the lows, reversal candles and flooring pattern, it happens every year.

BULL TRAP SPRUNG.
Shoulda taken the money at 29 toombs like I told ya.

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waiting for Tomboy to warn us to not catch a falling knife again

FMG Price at posting: $21.92 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last $21.27		Change -0.255(1.18%)		Mkt cap ! $65.85B

Open	High	Low	Value	Volume
$21.60	$21.64	$21.21	$48.90M	2.285M

Buyers (Bids)

No.	Vol.	Price($)
3	1012	$21.26

Sellers (Offers)

Price($)	Vol.	No.
$21.27	2127	9

View Market Depth

No.	Vol.	Price($)
9	3373	21.230
11	4383	21.220
13	15758	21.210
58	46758	21.200
12	6596	21.190

Price($)	Vol.	No.
21.240	2264	13
21.250	4916	17
21.260	4589	17
21.270	5743	13
21.280	8404	13

Last trade - 12.22pm 23/07/2024 (20 minute delay)

FMG (ASX) Chart

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