FMG 3.61% $20.10 fortescue ltd

buddy I expected this in Jan when at 27-29 I was warning of a...

  1. 10,003 Posts.
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    buddy I expected this in Jan when at 27-29 I was warning of a 20-22 bear rundown after Feb to Oct. I was SPOT ON.
    i was warning this for 6 months its just that I was drowned out in the vitriol and abuse on here from the ramp crew.

    Then it went below that to 18-20 area now
    now its bounced off 1800-1860 area 4th time now.

    support showing at 18.00-18.50 area, trade range is lowering & tighter.

    today a bearish close with -22c red lower body & only a 2c tail
    meaning closed near daily lows but still in the current support zone
    volume & trading range wedge appeared. Pressure building to bounce.

    BUYZONE forming, SHORTS not succeeding here imho,
    normally rebounds next day but wait for confirmation
    FMG shouldnt be below 19.00 imho.

    BEAR TRAP FORMING.
    Last edited by tomboy: 12/08/24
 
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