Australia's largest stock trading and investment forum Australia's #1 stock forum

FMG

Click for more information

1.62%

$21.92 fortescue ltd

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

First 11352 Last

Share
Profile

Follow
Senectus

82 Posts.

31

03/07/24

16:26

Post #: 74591423
Share

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.

Expand

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

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

0 Great analysis

Reply

Top Stories

AHK

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

World Gold Council says market in want of catalyst; flags Asia sell-off risks. Then there's Trump

SS1

Sun Silver to kick off drilling next week at 292Moz Maverick Springs silver-gold project

First 11352 Last

Add FMG (ASX) to my watchlist

(20min delay)
Last $21.92		Change 0.350(1.62%)		Mkt cap ! $67.49B

Open	High	Low	Value	Volume
$21.60	$21.95	$21.54	$94.22M	4.315M

Buyers (Bids)

No.	Vol.	Price($)
1	1000	$21.91

Sellers (Offers)

Price($)	Vol.	No.
$21.93	18370	7

View Market Depth

No.	Vol.	Price($)
2	2796	21.900
3	1560	21.890
4	21941	21.880
3	26259	21.870
4	26276	21.860

Price($)	Vol.	No.
21.930	11100	5
21.940	3030	3
21.950	7667	5
21.960	3333	1
21.970	6000	2

Last trade - 16.10pm 03/07/2024 (20 minute delay)

FMG (ASX) Chart

SPONSORED BY