FMG 3.83% $20.87 fortescue ltd

FMG Technical Analysis, page-7280

  1. 10,003 Posts.
    lightbulb Created with Sketch. 4322
    exclude the 2 x RSI lows from this month, go backwards
    when was the RSI lower than this month ..2 years ago when SP was 15 same as now!
    I stand by my statement

    And hoots, you have called FMG wrong many many times
    for example you called it higher at the peaks and lower before its runup 16-26 didnt you?
    Are you calling it lower or higher, I still dont understand your call.

    The difference this time in the DCB is the candles, looks at the candles!
    3 x engulfing green bars in a row
    more like the candle pattern in Dec 2020 & April 2021 where it ran back up 30% higher from the interim lows

    14.80 x 130% = 19.24
    say 19.50 reconnect a target.

    Your TA is flawed sorry.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.