FMG 4.11% $17.97 fortescue ltd

FMG Technical Analysis, page-2281

  1. 2,060 Posts.
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    higher green bar after lower open
    green candle with 5c body and 1c tail and 3c wick
    daily chart shows a bullish 3 wave rising pattern
    monthly shows zig zag flooring pattern
    annual chart shows cliff face hit the ledge and now since 9 Sept forming a rising wedge higher low pattern

    every day above 4.00 its a bullish reversal confirmation pattern
    despite IOP down FMG is UP!
    way undervalued here.

    yes should be fighting 4.30-4.65 and even 6.00 on these great figures.
    Someone likes cheap FMG shares looks like, Forrest and FMG both do obviously when buying low.

    The BB strategy must show a 5.00+ in coming months to justify $500M spend on reducing equity rather than buying AGO. Looking it may well get there.
 
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Last
$17.97
Change
0.710(4.11%)
Mkt cap ! $55.32B
Open High Low Value Volume
$17.30 $18.03 $17.13 $198.6M 11.21M

Buyers (Bids)

No. Vol. Price($)
7 31540 $17.95
 

Sellers (Offers)

Price($) Vol. No.
$17.98 24196 6
View Market Depth
Last trade - 16.10pm 21/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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