FMG 3.93% $20.89 fortescue ltd

FMG Technical Analysis, page-7279

  1. 46,715 Posts.
    lightbulb Created with Sketch. 8839
    "look at the RSI, its at 2 year lows, way oversold,
    last time RSI was that low in a valley the SP doubled from there!"


    Well that statement is simply not correct - yes RSI is oversold and the bounce is on and yes this time it could be the bottom but it could just as easily be another DCB like it was a month ago when in fact RSI was even lower than it was this time.

    And I use EMA,s on my charts not SMA. - The 5 minute chart I posted this morning hasn't generated a sell so the day traders would still be holding that trade entry from this mornings buy signal

    Cheers h00t


    rsi.PNG
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$20.89
Change
0.790(3.93%)
Mkt cap ! $64.35B
Open High Low Value Volume
$21.26 $21.59 $20.62 $113.4M 5.378M

Buyers (Bids)

No. Vol. Price($)
3 1487 $20.87
 

Sellers (Offers)

Price($) Vol. No.
$20.88 803 6
View Market Depth
Last trade - 11.04am 30/09/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.