FMG 1.11% $17.75 fortescue ltd

FMG Technical Analysis, page-4797

  1. 29,775 Posts.
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    My take on charts for the end of the week -

    DAILY - RSI risen to about 47 - tick STs and STF- tick MOM and OBV off slightly CCI about -75 McD moved back to plus in the
    last 2 days - tick DMI green with ADX at 40 tick.
    This chart definitely looks good to me.

    WEEKLY - RSI slightly below 70 MOM slightly off OBV +157 - tick McD only just gone below 0 CCI about +150 - tick
    DMI green with ADX about 47 - big tick. Again I'm happy.

    MONTHLY - RSI still very high but other indicators look good and DMI remains green with ADX about 63.

    Opinion only - irrespective of the virus these charts look good and the fundamentals are excellent. GLTAH
 
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