FMG 1.43% $22.04 fortescue ltd

SPOT ON again ! another longer red candle -27c another run at...

  1. 9,783 Posts.
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    SPOT ON again !
    another longer red candle -27c
    another run at 22.00
    another lower open -4c

    July always has recorded annual low points many times before
    Will it beat this 24 June low of 21.20?
    Not far away, im predicting yes either next 7 days or Sept/Oct as usual.
    SHORTS are still working the field and making a motza.

    last year the lows were on 29 May, 14 Aug & 4 Sept
    year before they were on 14 march, 11 July, 31 Oct

    Expect the SHORTS to attack the weakness and try to find the support pivot here as its not at 22.50 or 23.50 anymore. Normally at 21.50 20.00 19.00 as in the last few years.

    BUYZONE firming here at 20-22 looks like but the western equity crash before 3 November could change everything so the August Dead Cat Bounce will not be worth the risk imho.

    BULL TRAP still in play.
    Shoulda taken the money toombs at 29 like I said.
    Last edited by tomboy: Today, 14:57
 
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