FMG 0.79% $19.98 fortescue ltd

a whopping 16c higher opening 5.05 then as usual sold down by...

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    a whopping 16c higher opening 5.05 then as usual sold down by shorts to now 4.97, 2 wave selloff, 5.00 didnt hold, ledge at 4.96/4.97 now holding

    But another red bar pattern with 8c body
    The shorts keep cutting the tall poppys daily here. They are not going away.

    If 4.90 holds convincingly then expect 5.25/5/50 next resistance, however every rise is met with a selloff so not out of the woods yet, shorts want 4.65, longs want 5.50, may go lower/sideways till divvy time again in Jan for the next ramp up
 
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