FMG 1.10% $19.76 fortescue ltd

Please forgive my technical analysis blind spot but I noticed...

  1. 37 Posts.
    lightbulb Created with Sketch. 19
    Please forgive my technical analysis blind spot but I noticed that FMG share price today crossed the 20 SMA, is there anything in this at all?

    Can this be a sign of a price reversal? As I said, i am a complete novice at the technical side of stocks so any thoughts would be appreciated.

    https://hotcopper.com.au/data/attachments/3723/3723382-f804ab1b6cf06b919361eda7322da03f.jpg
 
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