FMG 0.83% $20.64 fortescue ltd

FMG Technical Analysis, page-2523

  1. 29,775 Posts.
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    What an interesting day, with no big selloff at close and comparatively low volume of
    just approx. 5.8 mill
    Either nerves of steel or more investors than day traders involved?
    Maybe the guys and gals felt the Perth doctor a little early and are all out on the water today.

    We had materials sector down 0.9% and yet we were up by 0.22% to finish the day
    at $4.58.
    Only a cent but better than being down.
    VWAP is $4.566

    Did have a quick look in at trading today only to once again see a few pesky bots.

    Thought it only fair to mention that gap only to give an idea of worst case scenario.
    Bear in mind that not all gaps close if fundamentals are good.

    Have checked my figures and will not be issuing a correction like yesterday. LOL

    Enjoy the w'end FMGers and lets hope Rockin' Robin doesn't do too much tweeting
    over the next few days.
 
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