FMG 1.43% $22.04 fortescue ltd

FMG Technical Analysis, page-115

  1. 2,060 Posts.
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    What are you guys talking about???
    @Rosayrov has been wrong again and again. Today he was wrong also.
    it opened at 5.76 then crashed down to 5.66 then to 5.57 daily lows.
    its now at daily lows 5.55 looking for the 5.50 completion of the rounding top pattern that I called weeks ago.

    I warned you all about this but the rampers didnt listen. The shorts are making a fortune here and will keep smacking it down as far as it will go, years ago that was 2.00 but this year its been 4.65 so far.

    Dont catch the falling knife, there aint no positives for the next few weeks, Power was a great CEO and market is now worried as this doesnt make any sense for him to leave now. Looks like Forrest reasserting full control again after his $1B in cash paid FF dividends over the last 6 years.

    I told you all it would hit 5.50 support and with Nev Power leaving its all bearish toward that target & may even hit today.
    5.50 is the ledge support point and if thats doesnt hold then watch out for 5.00 next support level then 4.65 like on the way up.

    The ramp crew have been totally wrong as I warned you all.
 
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$22.04
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$22.32 $22.41 $21.98 $158.0M 7.125M

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4 39363 $22.03
 

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Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
FMG (ASX) Chart
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