FMG 3.28% $19.50 fortescue ltd

FMG Technical Analysis, page-11611

  1. 38,207 Posts.
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    Hi @tomboy

    The chart below for SGX Iron Ore shows what I can only describe as a “half mast pennant” formation.

    https://hotcopper.com.au/data/attachments/6510/6510817-95b7e676b18b18c3de556e0db5546896.jpg


    I don’t recall ever noticing that pattern on any stock or index chart before, and have no idea of potential consequence?

    Can you shed any light?

    Tia
    Dex
 
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