FMG 0.46% $18.48 fortescue ltd

FMG Technical Analysis, page-5855

  1. 9,917 Posts.
    lightbulb Created with Sketch. 4286
    higher green bar after 3 red candles
    iop to 157 still elevated
    19 c body 4c head 3c tail
    body dominates the pattern

    22.00 support
    23.00 resistance
    shorts are back, targetting 22.40-23.00 last 3 days.
    bad news for them, theyve gone i too early, we arent at 24-30 yet, fmg at 31.00 versus bhp per fcf

    brasils vale shutdown new caledonia mine, supply issues in process, demand strong.

    fmg npv should be 31-40 but seeing resistance well before this, break of 23.00 resistance should be seen upon 31 dec divy & record cashflow & debt repayment from $8B cash at bank.

    burn them shorts BURN!
 
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Last
$18.48
Change
-0.085(0.46%)
Mkt cap ! $57.14B
Open High Low Value Volume
$18.70 $18.72 $18.41 $24.64M 1.319M

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No. Vol. Price($)
9 3783 $18.47
 

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Price($) Vol. No.
$18.48 361 5
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Last trade - 10.22am 30/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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