FMG 0.45% $22.10 fortescue ltd

FMG Technical Analysis, page-2508

  1. 29,775 Posts.
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    Did my download and
    Well there was a smile on my dial yesterday afternoon but this morning,
    my heart wanted to sing
    With RSI on 70 on the daily chart traders will be getting a bit nervous and asking themselves the ?
    should they take a quid? Will we see a Friday sell?

    Now it's the weekly chart that attracts me most and on that we are below the 70 mark and this looks
    to have further to run.
    Dare I say, I have the $ 5 level beckoning. Stay conservative maybe high $ 4.90's

    There is more than one indicator of course to look at and CCI gives me joy on both daily and weekly.
    Heading in the right direction that's for sure. Hard to be sure about anything in the market but my
    best guess would be...… I'm not selling

    And what a clever BB. I know I keep saying that. So flexible.
    Volume has increased nicely with folk coming back from holidays.

    With divi in mind and new blend and exploration etc. there could be a few buyers
    waiting in the wings to accumulate.

    Could go sideways, could go up. Time will tell of course.

    All of these are opinions and just trying to help.
    Have a good day FMGers.
 
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Last
$22.10
Change
0.100(0.45%)
Mkt cap ! $68.04B
Open High Low Value Volume
$21.99 $22.22 $21.87 $84.79M 3.834M

Buyers (Bids)

No. Vol. Price($)
2 9803 $22.09
 

Sellers (Offers)

Price($) Vol. No.
$22.11 10620 3
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
FMG (ASX) Chart
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