FMG 1.05% $17.93 fortescue ltd

FMG Technical Analysis, page-718

  1. 2,060 Posts.
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    Well there it is,
    another rebound out past $5.00 as I called it, looks headed to $5.50 in Feb for that divvy ramp as usual every 6 months. Looks like the divvy will have to be good (better than my call of 16c now I said 22c likely)
    FMG held up very well in this equities correction, mostly due to the dividend put.

    I have called FMG correctly so far the last 12 months both tops at 6.00 7.00 and 2 lows of 4.65 and run back up past 5.00. I hold my call of 5.00-5.50 on this cycle to end Feb time then time to get out for the annual crackdown back to 4.65 level post dividend (unless IO price stays here or better).

    If equities stay flat FMG should hold and run up 5.00-5.50 in the next 2-3 weeks imho.
    But what do I know, I only called 5 of 6 moves correct these last 12 months in FMG.
 
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