FMG Technical Analysis, page-49

Wow
IO price up 4-5% hitting US$70T yet the FMG share price move today moved about the same higher by 4-5%.

Sits as a higher green small bar, 3c body, 2c tail, 4c wick with 2 daily spikes both of which was sold off 5.34-5.30 on larger volume. That 21c gapup on open is what made the day then daytraders couldnt do much with it. Those who bought 5.02 and held overnight & sold 5.32 into the euphoria from retailers were the winners.

Any shorters holding overnight were burnt badly. GOOD!

So disappointing intraday action really and it was all made on the opening gapup. It didnt even try to break that 5.37 resistance triple top point today and both times it got close it was sold down viciously. The rounding top pattern has been temporarily broken today but lets see by August.

So not very convincing and those greedy short term sellers seem to still be involved.