FMG Technical Analysis, page-11562

Bullish green candle
higher open +12c
green body +30c
no tail 0c
longer neck +23c
16.20 ledge of 7 days now reconnected and closed above it
7DMA is due to hit the line next few days around 16.30 signalling a reversal also

T shape daily chart HATED by SHORTERS
another losing day for shorts both overnight and daily
of the last 5 days, 4 have been loosers for SHORTS bar yesterday
lst years low on 5 sept is now past

did anyone realise this is at 3 year lows and the margins and divvy % is double to triple that of BHP RIO ?!
USDX at triple low on the 18 month at 101.3 and last low was August 100.6, looks in a spiral headed to 95 so IOP will rebound as USD$ weakens under weight of $4T debt pa.

BULLS targeting a 16.90 run soon imho, the 15 August low this would spell trouble for SHORTS

Yes I maintain my position of BUY as CRASH SEASON has done the capitulation trade looks like and the small trade ranges and daily charts show flooring pattern here meaning SHORTS are dead here.
But then I though the same last month at 17.50-18.50

Shouldnt be below 19.00 imho.

BUYZONE formed again here
BEAR TRAP formed again, snap those SHORTS in those traps.
Soon we could see a sharp rerate retrace back imho.

BURN THEM SHORTS, BURN.