FMG 1.91% $21.62 fortescue ltd

FMG Technical Analysis, page-6190

  1. SSA
    707 Posts.
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    https://hotcopper.com.au/data/attachments/2896/2896111-d048a9163125bf7ffac664f4851f3218.jpg
    that resistance line is something to watch. Market is looking tired and I don't like it going into the rest of Feb and into March. Any strengthening in the USD won't help the commodities. Cyclically, an interesting one to watch, if I had to pick a side, I'd say I'm bearish and will wait for the end of Marhc/early April before even considering going long. TO each their own.
 
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FMG (ASX) Chart
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