FMG 1.86% $19.54 fortescue ltd

FMG Technical Analysis, page-11469

  1. 38,132 Posts.
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    From a charting perspective, it would be good to see FMG consolidate in the $18-19 range for a couple of weeks which gets us to and thru the dividend declaration date, and if the dividend and guidance is well received by the market, then move up to consolidate further in the $21.50-22.50 range for about a month, which would include the Sep 17-18 US FOMC meeting expected to deliver the first US rate cut, which should be a positive fill up for global markets … or not if the Fed delays further.

    Dex
 
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$19.54
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-0.370(1.86%)
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$19.52 $19.75 $19.29 $225.1M 11.80M

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Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
FMG (ASX) Chart
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