FMG 1.09% $18.60 fortescue ltd

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

  1. 9,822 Posts.
    lightbulb Created with Sketch. 4246
    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.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$18.60
Change
0.200(1.09%)
Mkt cap ! $57.26B
Open High Low Value Volume
$18.40 $18.68 $18.34 $157.0M 8.476M

Buyers (Bids)

No. Vol. Price($)
1 10105 $18.59
 

Sellers (Offers)

Price($) Vol. No.
$18.60 17942 8
View Market Depth
Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.