FMG 1.87% $18.40 fortescue ltd

well well well there it is finally, a small green candle +8c...

  1. 9,818 Posts.
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    well well well
    there it is finally,
    a small green candle +8c after another lower open -27c with long neck 33c and 14c tail
    meaning the lower open was reversed and the SHORTS then reversed it down again
    an VL type daily chart

    looks like these biannual lows are showing support and reversal candles
    SHORTS not making much here
    My prior low call of 20-22 was out done, the shorts looked at 17.50-19.50 and now its in that zone.

    Might be a bottom annual formed here, BUYZONE signals appearing again
    Some might risk a BUY here
    August frolics of a fake rebound to 24 may be worth a punt but its a risk.

    Trading rule 1
    buy low sell high
    FMG is at lows, was at highs at 29 when I called sell.
    buy on a defined uptrend, not there yet though. wait for confirmation.

    HOLD sentiment.
 
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Last
$18.40
Change
-0.350(1.87%)
Mkt cap ! $56.65B
Open High Low Value Volume
$18.40 $18.81 $18.26 $189.7M 10.27M

Buyers (Bids)

No. Vol. Price($)
1 12941 $18.40
 

Sellers (Offers)

Price($) Vol. No.
$18.41 1940 2
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Last trade - 16.10pm 05/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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