FMG Technical Analysis, page-192

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Rosayrov

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28/09/17

18:45

Post #: 27530592
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Originally posted by Samboy69 ↑

Hit that 4.90/5.00 support level as predicted by me and @sohoisnotforsale.

There it is, the double rounding top pattern 5.00-6.00-5.00 is now completed. The selling momentum is too strong right now.

So much for 6.50 by 22 sept LOL!
As I said 5.00 more likely.Today the cliff face just got 9c deeper and a large 10c red body bar 1c wick and 3c tail, meaning the shorts wanted to hit that 5.00 and then cover as it bounced off there intraday twice today. As predicted the 5.30 nor 5.15 didnt hold at all.
The cliff face looks terrible and the red bars with tails are worrying still.

Very bearish trend, if 5.00/4.90 doesnt hold then its back to base level of 4.65 the annual lows.

Im not a buyer until we see a reversal of this trend. As I said a few weeks back at 6.00 the shorts are in charge. Now its 5.00 and I would think 4.90/5.00 may not hold as the steam train selling has built mass momentum toward 5.00 with high volume.

Dont catch the falling knife, we have seen this in FMG many times. The short interest is massive.
Wait for the knife to embed and wait for confirmation of reversal of this bearish correction.
Going below 4.65 would signal continuation of the prior Feb bear trend. Cant see it holding at 5.00 as this would signal a reversal of trend.

The lows on this current chart should be 4.00-4.65 again, we will soon see.

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Hi Mr. samboy69
Are you on holidays. I thought we get an technical analysis on today's share trading.
I recon down trend is at it's end and uptrend about to start. Tomorrow will be a green day.
Good luck

FMG Price at posting: $5.06 Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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(20min delay)
Last $15.86		Change 0.125(0.79%)		Mkt cap ! $48.80B

Open	High	Low	Value	Volume
$15.73	$15.91	$15.68	$22.04M	1.393M

Buyers (Bids)

No.	Vol.	Price($)
15	7541	$15.85

Sellers (Offers)

Price($)	Vol.	No.
$15.86	729	4

View Market Depth

No.	Vol.	Price($)
14	4703	15.850
19	10951	15.840
10	6961	15.830
12	15505	15.820
12	13696	15.810

Price($)	Vol.	No.
15.860	2265	8
15.870	13573	27
15.880	10253	18
15.890	22252	20
15.900	22821	26

Last trade - 12.17pm 16/06/2025 (20 minute delay)

FMG (ASX) Chart

FMG Technical Analysis, page-192

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FMG Technical Analysis, page-192

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