FMG Technical Analysis, page-17

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Evolon

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112

03/07/17

18:09

Post #: 25638024
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Originally posted by Samboy69 ↑

Another deadly false start pattern today typical of FMG in the past bear cycles.

opened strong then got shorted down twice all day
Red bar 4c wick 3c tail 2c body, very uninspiring and contradicts last weeks green bar patterns,

Looks like the shorters are back in the game to smash this down to under 5.00 yet again with their gains from 4.70, a peak has formed right here, and cant break that 5.37 prior interim top of 23 May so could be dangerous here. In fact it didnt get anywhere near the 5.37 top pettering out at 5.30.

Watching for either shorting attacks yet again back down to 5.00-4.70 or a smash of 5.37 on higher volume, but volume not impressive here. FMG should have smashed 5.37 today and held above but got shorted yet again and the tall poppys got cut yet again by these professional Instos.
Wait till August for a defined trend once the 6 month bear trend is broken for sure.

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WTF?

FMG Price at posting: $5.26 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last $15.46		Change 0.000(0.00%)		Mkt cap ! $47.60B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	6859	$16.42

Sellers (Offers)

Price($)	Vol.	No.
$12.37	21007	2

View Market Depth

No.	Vol.	Price($)
3	818	15.310
1	450	15.300
2	2050	15.290
4	4704	15.280
2	3568	15.270

Price($)	Vol.	No.
15.340	777	3
15.350	753	2
15.360	525	1
15.370	644	2
15.380	525	1

Last trade - 09.46am 30/06/2025 (20 minute delay)

FMG (ASX) Chart

FMG Technical Analysis, page-17

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FMG Technical Analysis, page-17

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