FMG 1.89% $18.31 fortescue ltd

FMG Technical Analysis, page-11512

  1. 9,905 Posts.
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    trent,
    time for your to settle up your SHORTS buddy imho. You are losing a fortune here now.

    the monthly chart wont show you the daily candles nor the flooring pattern or reversal momentum the last 2-3 weeks, your focus on this is to look at the smudges on the old window not the bright sunny day. See below the reality -
    Look at the RSI MACDs daily chart, 7DMA 10DMA 20DMA also -

    20DMA now signalling a BUY on barchart
    stochs RSI & MACDS all gone positive
    MACD is now +0.611 the highest in 4 months

    All stochs of all parameters are the highest now than in 4 months
    the 9 day RSI is now higher than the 14 day RSI by a whopping 6% the highest move in 5 months

    all reversing or reversed, TA is BULLISH now.
    Expect a breakout to $20-22 on these numbers & momentum imho.

    Barchart Opinion
    Indicator
    • Opinion
    • Strength & Direction
    Column 1 Column 2 Column 3 Column 4 Column 5
    1 Composite Indicator Signal Strength Direction  
    2   Trend Seeker® Sell Soft Weakest
    3 Short Term Indicators        
    4   20 Day Moving Average Buy Weak Strongest
    5   20 - 50 Day MACD Oscillator Sell Maximum Strongest
    6   20 - 100 Day MACD Oscillator Sell Maximum Strongest
    7   20 - 200 Day MACD Oscillator Sell Maximum Strongest
    8 20 - Day Average Volume: 11,187,500 Average: 50% Sell      
    Period Raw Stochastic Stochastic %K Stochastic %D Average True Range
    1 9-Day 89.55% 81.08% 70.49% 0.524
    2 14-Day 82.87% 73.70% 63.26% 0.538
    3 20-Day 58.37% 42.27% 33.45% 0.545
    4 50-Day 25.25% 21.91% 18.92% 0.561
    5 100-Day 13.81% 12.83% 11.41% 0.569

    Period Relative Strength Percent R Historic Volatility MACD Oscillator
    1 9-Day 50.88% 10.45% 46.02% 0.611
    2 14-Day 44.79% 17.13% 38.96% 0.363
    3 20-Day 41.55% 41.63% 51.47% 0.121
    4 50-Day 39.89% 74.75% 40.14% -2.040
    5 100-Day 43.15% 86.19% 32.98% -4.629
    and you wanna look at the monthly chart instead of the last 2-3 week turnaround patterns,
    you really are a SHORTER I think.
    Your profile says "not held SELL" which is that typical of a SHORTER

    Hows your capital losses going the last 2-3 weeks trent, the SHORTS are loosing badly here,
    BEAR TRAP SPRINGING
    Last edited by tomboy: Today, 20:10
 
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Last
$18.31
Change
0.340(1.89%)
Mkt cap ! $56.37B
Open High Low Value Volume
$18.09 $18.32 $18.06 $115.9M 6.367M

Buyers (Bids)

No. Vol. Price($)
2 273 $18.30
 

Sellers (Offers)

Price($) Vol. No.
$18.32 9260 4
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Last trade - 16.10pm 26/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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