FMG 2.02% $25.70 fortescue ltd

FMG Technical Analysis, page-120

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    You should have got in at 4.65 like I said
    Maybe it will be 5.20 soon, on this pattern 5.50 is probable and then towards 5.00 then 4.65 support but if it recovers and forms another floor somewhere above 4.80 say around 5.20 then that may be bullish but till then why risk it?
    Just wait.

    Dont forget the short interest in FMG is very high and dont forget that bear run 5 months Feb to June (7 -4.60) & todays daily chart looks terrible, an opening slaughter and shorts are winning in August, they are hourly onto FMG just like before. another 30M high volume selloff, worrying.

    Look at the annual chart and think would I be buying here right now on that chart?
    I wouldnt be so Im not.

    I have watched FMG for a long time in and out so dont get me wrong I like the story just as much as you do but you have to be realistic and see what is really happening regardless of the fundamentals.

    Sure it would be great to see $13 again maybe in 2019 but look at the 10 year chart and its been a rollercoaster nightmare for most holders saved by dividend yields.
 
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Last
$25.70
Change
0.510(2.02%)
Mkt cap ! $79.12B
Open High Low Value Volume
$25.58 $25.78 $25.39 $142.5M 5.556M

Buyers (Bids)

No. Vol. Price($)
4 49920 $25.66
 

Sellers (Offers)

Price($) Vol. No.
$25.71 2818 2
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$25.73
  Change
0.510 ( 2.20 %)
Open High Low Volume
$25.57 $25.78 $25.39 738887
Last updated 15.59pm 28/03/2024 ?
FMG (ASX) Chart
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