FMG 5.04% $17.50 fortescue ltd

FMG Technical Analysis, page-6821

  1. 9,963 Posts.
    lightbulb Created with Sketch. 4309
    today a longer green bar with 32c body 2c neck 8c tail
    at the 23.50 point but way off from the 23.95 higher high level
    still good morning yet again likely smashed in arvo yet again toward 23.30 by the virulent shorts
    lets see if the usual arvo selloff happens.

    question why cant they get A grade junk bond rates even now?!
    Why are FMG still deemed such a risk to lenders? Well the increased debt isnt a good look.

    zigzag 21.30-23.50 since 14 may looks set to continue.
    shorts ever present unfortunately.
    Last edited by tomboy: 07/07/21
 
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