FMG Technical Analysis, page-169

@Rosayrov disappeared after loads of ramping calls & maybe now not interested or sold out? .......

Today i called this well before it happened -
"The cliff face is worrying and doesnt seem to have an end point yet....
but expect close into daily lows yet again"

Spot on!

Closed at near daily lows 5.33 even lower than when I posted of 5.36.
Now sits as a lower red bar 6c body 1c wick and 2c tail well below the 5.50 support
The intraday chart shows that each upwave was met with higher volume short selling sharp smackdowns and that 5.34 -5.31 minicliff 3pm was very sharp and telling & FMG was lucky to close at 5.33 as looks like the shorts were targeting 5.30 close.

Today that cliff face from 6.00 to 5.43 just got 10c steeper & 10c lower to 5.33 with no end in sight yet.

Last bear trend on the way down 5.50 went 5.09 -5.30-4.70 and the 5.30 was a dead cat bounce loved by shorters and then back down to base level 4.65
Prior bulltrend in Nov 2016, went 5.00-5.11-5.50-5.22-6.28
Prior bulltrend in July went from 5.00-5.30-5.06-5.80-5.50-6.00 peak
so no resistance at these levels 5.30/5.35 on either way up or down previously
5.30 was the fake rally/dead cat bounce on way up and down so it will be so this time also imho
Those thinking 5.30 will support are wrong as they were before.
4.90/5.00 next support as 5.30 will not hold if it gets below there, the shorts may try to suck you in around this level like the last 3 runs but dont take the bait.

Stay patient and be smart, dont accept the rampers sunny view on here. Dont ignore this new retracing bear trend. The dividend is gone. The gains before it are gone. The buyers are less. Question More.