FMG 3.09% $17.34 fortescue ltd

opened way lower 57c than the prior closenow a lower green...

  1. 9,873 Posts.
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    opened way lower 57c than the prior close
    now a lower green bar
    14c green body 12c neck 14c tail
    meaning the lower open made a motza for overnight shorters but the daily shorters have gone nowhere & are in fact losing
    V U double wave intraday chart
    this pattern is hated by shorters

    22.50 support line held, 23.00 area double connected today
    still above the 22.50 pivot
    zigzag pattern again

    will 23.50 be the 4th wave lower high?
    needs a 24.80 new high to break the bearish trend of 4 lower highs in a row
    volume low
    MACDs staying flat here at the 0 level
    IOP rise to 211 not followed in by the market in fact went the other way down

    a sharp drop on open, a warning sign yet shorts burning today.
    today longs and shorts both losing.



 
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Last
$17.34
Change
0.520(3.09%)
Mkt cap ! $53.38B
Open High Low Value Volume
$17.31 $17.51 $17.00 $309.6M 17.18M

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No. Vol. Price($)
1 300 $17.33
 

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Price($) Vol. No.
$17.35 28897 5
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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