FMG 3.61% $20.10 fortescue ltd

FMG Technical Analysis, page-6644

  1. 9,999 Posts.
    lightbulb Created with Sketch. 4321
    not looking good
    bearish trend again
    another long red candle
    another false start pattern favoured by shorters
    another SP drop follows the IOP down sharply
    lower low has to hold above 21.00 rather than 19.17

    26 looking farther and farther away
    shorts waiting for the IOP drop to attack this lower 3rd top wave
    bearish trend reconnected, longs in denial
    shorts in charge the last week

    I said last week, wait 7 days and so here it is, the bearish pattern.. lets see next 2 days if 20-21.50 can hold.
    or may see 19.17 fast down the arm again.

    shoulda taken the money toombs (at 26.00)
    Shorts in charge.
    Last edited by tomboy: 24/05/21
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.