FMG 1.91% $21.62 fortescue ltd

Another bullish candle today 5c green higher body with 5c wick...

  1. 2,060 Posts.
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    Another bullish candle today
    5c green higher body with 5c wick and 2c tail
    3 wave intraday pattern as shorts got smashed by the BB team with higher lows daily on each wave low point.

    Volume elevated. At 4 year lows,
    Cliff face has converted into a zigzag V V V V classic bottoming pattern.
    3.60 looks the triple bottom support as I called before,
    shorts are not getting anywhere so may have to cover once the sharp rerate happens as it should.

    yes I calling 4.00-43.0-4.65 reconnect.
    The share price is disconnected with the fundamentals for the last 6 months.

    IOP at 77 with costs at 13, amazing margins and undervaluation here.
    Should be at 6.00 now but the shorts have had a great bear run, up till now.

    Smash those shorts.
    Last edited by Samboy69: 29/10/18
 
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Last
$21.62
Change
-0.420(1.91%)
Mkt cap ! $66.56B
Open High Low Value Volume
$21.61 $21.78 $21.48 $190.2M 8.611M

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No. Vol. Price($)
7 15504 $21.61
 

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Price($) Vol. No.
$21.62 6560 1
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
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