FMG 4.63% $17.32 fortescue ltd

FMG Technical Analysis, page-11456

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    today a higher open +19c got smashed down by SHORTS into a higher red candle with
    -23c body 2c neck 3c tail
    meaning low ends and the higher open was slashed and went down to daily lows again
    N daily chart pattern
    but look at the range, low again
    and its still at 18.20 support area

    SHORTS maybe made 8c today so not much but may have covered & lost some of it in the lunch runup also.

    Watch the 18-18.50 area support.
    Shouldnt be below 19 imho.

    BEAR TRAP & BUYZONE forming, SHORTS not happy here.
 
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