FMG Technical Analysis, page-5536

Thanks guys
Its great to be back
I have been following and trading FMG since 2007
My first buy was at 2.00 and sell at 6.31 and then it had that long winter sub 5.
This strong bull run has been all about the divy yield and FCF and debt being paid down in record fashion
Remember FMG was back at the start highly leveraged at a ratio exceeding its market cap, around 150% of MC now this ratio is 10% of total debt and it is now for the first time ever net debt free.
Now cash at bank exceeds all debt, very bullish on fundamentals (FA)

FMG hasnt had much TA input and this thread has laid fallow for some time.

At this point I think TA should be considered as this will show what the INSTOs are doing, the buyers and the shorters and we all know FMG has a long long history with shorters like Chanos et al.

Fridays candle was very bullish
A long green candle ending at session highs with a long tail (intraday drop was bought up strong all the way to close)
The worry is that monthly topping out inverted U pattern.
That 16-16.30 area has to hold to avoid a crackdown and shorters.

Remember FMG is an INSTO big boy driven stock & many of them will glady ramp then short as they see the technical trade going
Remember, also FMG is a cashflow supergiant with high divy yields and massive FCF
It follows the IOP also and its COP AISC are very low sub US$13perT
$1.00 record divy recently for a 6 monthly period!

So I am watching this week which should show us the trend and what these big boys are planning.
I cant predict the move 100% yet but I can ask my fortune teller!