FMG 1.56% $18.27 fortescue ltd

I started this thread last year. watch the 3.60 point, bounced...

  1. 2,060 Posts.
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    I started this thread last year.
    watch the 3.60 point, bounced off this on 5 Sept with a nice dragonfly type candle
    today a lower red bar with 5c body 1c wick and 2c tail all above 3.60.

    If we close at 3.69 that would be another dragonfly doji reversal candle
    a close at 3.60 or below is bearish.
    Annual chart looks very bearish but the descending wedge is tightening soa reversal has to happen at some point in the next 6 months.

    FMG is trying to find the floor, the divvy season ramp surprisingly turned into a bear run.
    And you guys thought my call at 7.00 and 6.00 as the sell point tops was wrong, yet here we are well below 4.00-4.65 my prior low point call.
    FMG ought to have bid for AGO PLS POS and should take stakes therein more than they have if any, missed some great cheap opportunities there.
    BHP RIO AGO MIN are near 4 year highs yet FMG at 4 year lows, amazing.
    Last edited by Samboy69: 10/09/18
 
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$18.27
Change
-0.290(1.56%)
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