FMG 2.15% $18.49 fortescue ltd

FMG Technical Analysis, page-11450

  1. 9,838 Posts.
    lightbulb Created with Sketch. 4250
    well another one
    another small green candle with small range opened higher this time +22c
    green body +17c with neck 13c tail 38c
    meaning the daily lows again were reversed and the sub18 was rejected yet again 5th in a row.

    SHORT tried to smash the higher open yet again and again FAILED MISERABLY
    another V WHIPSAW daily chart closing near daily highs
    another long rejected tail
    another close near daily highs
    another SHORT ATTACK FAILURE

    SHORTS lost another 50c today forced to cover
    SHORTS have lost a whopping 200c the last 9 days since 30 july
    time to capitulate i think? How long will the pit bosses countenance these sorts of losses here
    When will Chanos give up and go LONG again?
    Isnt 29 to 18 a whopping $11 a brilliant run for the SHORTS already, definitely YES.

    time to settle up short boyz, the writings on the wall.
    ledge formed at 18.20-18.60 still holding after a long 10 days.

    SHORTS hoping for the western equity crash Sept/Oct but where is it?
    BULLS sniffing entries and shorts blood in the water, time for a vicious cover retreat me thinks.

    at 2 year lows some are taking the LONG risk here.
    some large INSTOs joining the LONG trade looks like.

    HOLD maybe BUYZONE appearing
    BEAR TRAP formed.
    Yet the cloud of the CRASH SEASON hovers over our heads.
    Will it or wont it happen as usual?
    still wait for confirmation imho.

    in the meantime BURN THEM SHORTS, BURN !
 
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Last
$18.49
Change
0.390(2.15%)
Mkt cap ! $56.93B
Open High Low Value Volume
$18.32 $18.62 $17.94 $159.1M 8.651M

Buyers (Bids)

No. Vol. Price($)
2 150 $18.46
 

Sellers (Offers)

Price($) Vol. No.
$18.50 4305 5
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Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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