FMG 0.79% $19.98 fortescue ltd

yep another green reversal candle another higher open +17c...

  1. 10,021 Posts.
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    yep another green reversal candle

    another higher open +17c
    another green candle +7c
    another long neck 22c with smaller tail 13c
    another smaller daily range

    another BULLISH daily chart / hated by SHORTERS
    SHORTERS BURNING today yet again & should settle up imho.

    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.

    SHORTS are BURNING, BURNING.
 
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