FMG 4.01% $19.73 fortescue ltd

There it is. past 16.90 easyThe U daily chart hitting daily...

  1. 10,050 Posts.
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    There it is. past 16.90 easy
    The U daily chart hitting daily highs on the breakout pattern.
    Should break 17.00 then 17.50 is next resistance as prior pivot support 16.30 area has cleared quite easily.
    3 month chart looking like a double S wave not a rounding top pattern

    Good call boys!
    Shorts are nowhere in sight atm.

    at US$123pT, FMG is making FCF like we never believed before.
    Soon more share buybacks, divy increases, debt payoffs, insider buying, more mines and drilling and more infrastructure to vertical integration.

    Sooner or later we might see buyouts of other IO developers, refinery building, takeover bids, ventures in the EV commodity space, like copper cobalt & nickel and diversification.
    2020 has shaped up to be FMGs best year ever.
    2021 is shaping up to be a watershed breakout year.

 
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