FMG 3.23% $18.87 fortescue ltd

FMG Technical Analysis, page-4708

  1. 12,154 Posts.
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    FMG - some nice selling happening since it surged up to 11.07 earlier... looks like we will have to wait until tomorrow morning to see what the market is thinking of FMG - over priced or under rated?

    I will not be surprised if it is a NEUTRAL report card tomorrow - i.e. not much happening after the results as it is fairly below the rectn highs of almost $13 (so discounted all the negatives) and fairly higher compared to 6 months ago when we had the big dividend...

    personally, I am out of my LT holding some time back and will decide tomorrow if I want to ride this long or short... one more sleep...
 
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