FMG 2.77% $20.58 fortescue ltd

FMG Technical Analysis, page-5574

  1. 3,130 Posts.
    lightbulb Created with Sketch. 361
    Hello tomboy
    Well 15.90 held ... Just , funny that talking about manipulation and all how the price lands were they want it to land .
    After this week's trading I'm much more confident that this downward leg has been manipulation for accumulation nice ring too it I think .
    Another week like this weeks trading/ accumulating will no doubt be enough for the big boys to have had enough and begin the new leg up.
    Catalysts being stimulus packages being announced around the world .
    Yes money flowed into the banks this week for reasons we know why but that same money is already looking to were to next .
    They the banks have bigger problems re loan books out of wack etc .
    We know we are making big money big divedends etc so does everyone else now for that new catalyst to give them the accumulators a reason to push up the price not for just a day but for a whole month to begin with .
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.