FMG 1.91% $21.62 fortescue ltd

long green reversal candle todayengulfing the prior red candle,...

  1. 9,783 Posts.
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    long green reversal candle today
    engulfing the prior red candle, above the prior green candle close of 21.72
    now over 21.50 but below the 22.50
    once again 21.50 showing support

    can the 21.22 be the 3rd wave low
    I thought that 21.37 could have been but went lower, thats 2 lows around 21.30 so may be a trend
    close above 22.20 at daily highs was bullish, the daily chart with higher open and continued rising was a bullish chart
    so the short attack on a higher open failed very badly
    almost looks like a BB team operation in play, where are those large buybacks coming back?

    bulls need to see 22.50 pivot reconnected as support and blown past or at least the 3rd wave low hold where it has now
    shorts want to see that low of 21.22 taken out and drop down the arm with resistance at 22.50
    so the zigzag continues between 21.20 - 23.50

    the shorts got burnt badly all day today, looks like short covering rally took place, great to see them burning again yet they are still here daily.

    BURN them shorts BURN.
 
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Last
$21.62
Change
-0.420(1.91%)
Mkt cap ! $66.56B
Open High Low Value Volume
$21.61 $21.78 $21.48 $190.2M 8.611M

Buyers (Bids)

No. Vol. Price($)
7 15504 $21.61
 

Sellers (Offers)

Price($) Vol. No.
$21.62 6560 1
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
FMG (ASX) Chart
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