FMG 0.83% $18.29 fortescue ltd

My best attempt at T/A for this week and please bear in mind...

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    My best attempt at T/A for this week and please bear in mind that we have all been wrong before and some indicators are
    leading and others lagging and some more reliable than others.

    DAILY - RSI about 55 STs and STf - NO tick McD about -.25 MOM appears to be ticking up CCI only just into negative
    DMI remains green with ADX at 60 - tick
    This chart is throwing up more questions than answers to me. In other words I am not sure but I do like both the weekly
    and monthly charts a whole lot better and they are the ones I concentrate more on.

    WEEKLY - RSI above 70 and about where it was late Dec. and has been higher and I still give it a tick STs and STf - NO tick
    McD +.14remaining positive - tick MOM has pulled off slightly still a tick CCI +200 - tick DMI green with ADX about 55 - big tick

    MONTHLY - RSI remaining above 70 and has been higher a year ago - tick STs - tick STf - NO tick MOM perfect as it marches
    onwards OBV + 40.2k - tick CCI and McD - tick DMI green with ADX only at 60 - big tick.

    In a nutshell with good traders and large funds involved plus shorters out to make quid plus the fear and greed I am expecting
    volatility. And how long the volatility lasts I have no idea. GLTAH the ride might be rough but I will be holding and reminding
    myself of the fundamentals.
 
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