FMG Technical Analysis, page-77

ok will do,
Wheres the ex-dividend discount today? Ha.

Another beautiful classic shorting false start pattern on the daily. Morning buyers met with pro selling all day right into close.

Looks like the shorters and sellers have set $6.00 as the resistance bar to sell at, thats the 5th attempt to break $6.00 that has failed since 23 August in 16 days with 4 serious smashdowns.

And you claim this is all ex dividend related?
Mate you cannot be serious!
The dividend had nothing to do with this, the selling and shorting does.
They are eyeing off a $5.50 retrace if US$ strength and IOP drop continues which is unlikely long term.

The US$ has one BIG problem = low US inflation of 1.7% & low rates
This means the USFed will NOT raise rates the next 9 months and may have to reduce rates or even do more QE to avoid deflation and a collapse in growth. This will result in continued lower US$ just what Trump, miners and the sharemarket wants.
The US$ has no floor and may keep sliding thereby ramping the IOP but short term moves like this will give the shorts a nice selling platform to see how low they can take FMG yet again.