FMG 3.48% $19.96 fortescue ltd

FMG Technical Analysis, page-11602

  1. 10,018 Posts.
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    Bearish abandoned big baby candle format appeared last 3 days -


    The middle candle was way longer and bigger gap up and the 2 sides were both red, way lower  & smaller

    Meaning the pattern signals a berish unsupported sentiment as all 3 were red candles.
    the chance for a bullish harami died once it opened -50c lower & then kept going lower with -22c red body lower
    The candle pattern is BEARISH.

    Expect more SHORT ATTACKS & pain here.
    Short pip traders likely settled up already yesterday
    SHORTS in charge
    Wait to see what happens by Friday.

    Sentiment changed to hold
    SHORTS having their revenge here.
 
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$19.96
Change
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Last trade - 16.10pm 01/10/2024 (20 minute delay) ?
FMG (ASX) Chart
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