FMG 1.39% $17.69 fortescue ltd

I get the feeling the shorts have been trying to crack it below...

  1. 4,182 Posts.
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    I get the feeling the shorts have been trying to crack it below $14 but in the process, the fact it hasn't cracked means that they're very exposed if it pops back... so they are in a feedback loop of shorting more to cover at $14 but then needing to do it more because they shorted more and are more exposed as it keeps wanting to pop above $14 ... long flat bottom develops.... am I off base, anyone else agree?
 
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