FMG 0.87% $19.04 fortescue ltd

sharp snapdown, long lower red bar, with 28c red body 1 tail 5c...

  1. 9,814 Posts.
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    sharp snapdown, long lower red bar, with 28c red body 1 tail 5c head
    L shape daily chart near daily lows
    shorters in charge and found their profit today for a change

    the 15.90-16.33 area has to hold to avoid that bear pattern rounding top pattern
    this area has held on 3 tests in late Sept & Oct 14
    this flatline has held for a month around 16-17
    looks like the 17.00 was resistance this time not 17.50 I called earlier.
    But 15.90-16.33 is the prior support level.

    BB2 team needs to get onto this now and BUY and V rebound it to burn the shorts and accumulate that short held share volume.

    This support needs to hold to keep the flatline intact and prior bullrun continuation open.
    And then the shorters can BURN.

 
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$19.04
Change
0.165(0.87%)
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Last trade - 12.32pm 01/08/2024 (20 minute delay) ?
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