There it is, the short covering sharp rally smashing the 4.00...

There it is,
the short covering sharp rally smashing the 4.00 resistance with ease,
Another higher green bar, one of the best this year with 17c body, 3c wick 4c tail
daily rising chart with sharp gapup late arvo
monthly shows a breakout pattern
annual chart shows cliff face then classic bottoming pattern is turning into a recent U rebound pattern
shorts were smashed to a pulp, especially those holding overnight, & had nowhere to hide but to cover and run, those 10M shorts yesterday were forced to cover/buy fast today, the BB team have them on the ropes.

I have been calling for months, a rerate run to 4.00-4.30-4.65 reconnect to prior support/prior 3 year low point,
the technicals chart has been disconnected with the fundamentals for 9 months imho & disconnected from IOP moves and peer moves who like RIO BHP MIN AGO are all near 4 year highs whilst FMG is at 4 year lows.

@Talks said -
"Rising wedge Needs to break above 3.97 And closed around 4.04 Then I think quickly to 4.30-4.40"
good call early today, closed above that even!

Should rerate gapup to 4.30 then test 4.65
Shorts longer duration from 4.65-4.30 will also need to cover fast or start losing capital shortly, look like many got caught out today, congrats to the BB team and FMG BOD for this move.

Smash them hated shorters!