FMG 1.24% $17.95 fortescue ltd

another small green candle today with small tail and neck opened...

  1. 10,137 Posts.
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    another small green candle today with small tail and neck opened flat
    2 in a row
    SHORTS peeved here,cant get lower prices, may have to cover soon.

    Still 29 to 19 is a whopping $10 profit for shorts.

    the corner may have been turned.
    Ledge has formed at 18 - 18.50 with a double bottom formed
    Double or triple bottom signals a reversal especially with these candles
    wait for confirmation

    August the usual DCB fake bounce happens then lows in Sept/Oct crash
    may be a trading range here 18-22/24 perhaps for some brave traders.
    BEAR TRAP may be forming here for shorts.

    when at 27-29 I was calling sell & a drop to 20-22 I was laughed at, now its even lower at 18,50
    Who is laughing now buddy?!

    Trading rule 1
    buy low sell high
    lows appearing now with green TA signals. wait for confirmation of reversal & uptrend imho.
 
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Last
$17.95
Change
0.220(1.24%)
Mkt cap ! $55.26B
Open High Low Value Volume
$17.93 $18.00 $17.70 $124.3M 6.951M

Buyers (Bids)

No. Vol. Price($)
1 823 $17.94
 

Sellers (Offers)

Price($) Vol. No.
$17.95 14618 1
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Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
FMG (ASX) Chart
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