FMG 2.18% $22.06 fortescue ltd

Either way its a good bullish reversal pattern since 10 Sept....

  1. 2,060 Posts.
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    Either way its a good bullish reversal pattern since 10 Sept.
    Its broken the 4 year bear run on the charts.
    every day above 4.00 is now a confirmation bullish reversal on TA.

    today a lower open smashed the shorts now sitting as a long lower green bar with 8c body and 2c wick & 1c tail, very bullish,
    daily chart shows a rising pattern all day and arvo flatline so gains holding

    IOP holding above 72 with AISC holding below 12, amazing massive FCF here.
    I am predicting another $500M BB (no 3) for 2019 after this one went so very well.
    With FCF running at A$8Bpa (correct me if im wrong) what the heck are they going to do with all this freaken cash!

    up dividends, up the BB, build a refinery, concentration plant, buy AGO for $500M (not), buy other miners,

    BURN THEM SHORTS!
 
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