FMG on a breakout reversal wedge headed to 20 imho
Opened +123c higher
then that post open SHORT attack to 14.95 that has failed miserably
now sits as a gapup higher red candle with 41c body 5c neck & 14c tail
meaning that post open drop was reversed and now looking to that daily high of 15.48
The SHORTS lost on the overnight SHORT trade by 140c
The SHORTS now making SFA of 30c on the daily trade and soon loosing maybe 40c on the daily trade as this reverses toward the close
15.50- 16.00 here we come
tomorrow could open around 17.00
As the SHORTS can look forward to another +100c open tmrw, we know they MUST cover here fast before the close today or lose a fortune.
SHORTS covering all arvo imho
Watch this rocket !
Close at 15.50-16.00 imho.
FMG Price at posting:
$15.07 Sentiment: Buy Disclosure: Not Held
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