FMG Technical Analysis, page-11523

SHORTS in charge
closed at daily lows
log red candle -50c no tail small neck

went below that 18.00 pivot and looking at 17.00 again
support level being tested yet again

I expect them to hold but we will see
i didnt expect this to go below 19-20 but it has yet with FMG nothing should surprise.

They have to focus on the core business not airy fairy gas stuff with $Bs in capex with no revenue.

Next few days will be a test and see if it can recover back
But CRASH SEASON has started Sept Oct though,
last year the low was on 8 Sept, year before this was 31 Oct.
So far this year the low was 15 August at 16.82 close, will this get tested again?

When will the low be this year?
29 to 17 is a big drop so SHORTS should have had enough profits I would have thought.

HATING ON SHORTS.