FMG Technical Analysis, page-11433

well well well
its a whopping -150c lower than my last post
that 200c crash yesterday I was warning of many many many times.
The CLIFF FACE continuation pattern, but now a ledge has been found around 18.40.

My call of 17.50-19.50 gapdown danger I just recently mentioned was SPOT ON.

Today sits as a DOJI type higher candle with long tail 42c
the daily chart was a V shape crackdown whipsaw
its now trolling near daily highs at close
Looks like support has been found at 18.00 -18.50

3 year lows, 2023 lows of 19.00 beaten down
My ridiculed bear call back in Jan of 20-22 was exceeded to 18.50, wow.

BEAR SEASON still in play, FMG is again volatile as it used to be in the early 2005-2009, 2013 & 2021
BUY ZONE may be arriving or in it now imho
the candle reversal today was impressive
the long tail & SHORT ATTACK at 18.00 was rejected

BULL TRAP SPRUNG YET AGAIN!
yes I was SPOT ON !
SHORTS are hurt & losing today. Overnights shorts lost 60c, daily shorts lost 10c-20c, a wake up call after 6 weeks of short bonanza gains (longs losses) 29-19.
a whopping $10 drop down from 29 Jan highs that I called SPOT ON.

Some brave souls might risk buying at these 3 year lows for that 1 month ST trade and flip
18.50-22.50 nice gainer perhaps +400c
If SHORTS cant collapse it below 18.40 again & it recovers back above 20.00 next 7 days we may see that DCB to 24 I called in the usual August fake bounce.

BEAR TRAP is forming, BUYZONE glimpsed, TA reversing, wait for confirmation nex 7 days,
SHORTS are burning today forced to cover to daily highs,

Change my sentiment to HOLD now.
BURN them SHORTS, BURN !