FMG 5.76% $17.62 fortescue ltd

FMG Technical Analysis, page-11448

  1. 9,957 Posts.
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    WOW
    a lower DOJI candle now
    TA SIGNALS of reversal aplenty here now.

    opened -11c lower but 0c body 5c neck 15c tail
    W daily chart hated by SHORTS
    meaning the SHORT ATTACK at open FAILED MISERABLE YET AGAIN
    the daily lows were reversed and support shown again 18.20-18.40
    4th time support at this pivot area
    very tight trade range yet again

    monthly chart showing a ledge formed here
    if they cant drop it they will be forced to cover and go LONG
    cant be far away from that realisation by the SHORTS unless they wait for the western equity crash

    TA is showing a reversal is happening
    SHORTS are losing cash here 7 days in a row
    the DOJI at 2 year lows with these green candles & rejected tails around it is symbolic of a reversal pattern & strong support.

    BUYZONE and BEAR TRAP forming.
 
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Last
$17.62
Change
0.960(5.76%)
Mkt cap ! $52.71B
Open High Low Value Volume
$16.89 $17.74 $16.84 $122.5M 7.107M

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23 7679 $17.61
 

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Last trade - 12.16pm 13/09/2024 (20 minute delay) ?
FMG (ASX) Chart
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