FMG 0.79% $19.98 fortescue ltd

FMG Technical Analysis, page-7784

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    SHORTS TOASTED
    like a wild pig on a spit on a hot summers day in the Pilbara surrounded by the FIFO lads at cloudbreak before lunchtime!

    RERATE CONFIRMATION in process
    another bullish long green bar from that 2 month flooring pattern

    My bottom call SPOT ON correct again!
    That 2 month flooring pattern and multi bullish reversal candles over last 2 weeks was the tell.
    Also the 3 golden crosses of 10dma 20dma 30dma

    Now 50DMA crossed, a platinum bullish cross!

    today another long green bar 46c body 26c neck 3c tail
    meaning strong open and kept rising all day to daily highs fast only top now reduced a bit but way in the green
    Also the 16.00 is a breakout milestone on this run breaking prior interim high of 15.40.
    In fact its smahsed through the interim high no stopping at all.

    19-22 coming by Feb imho
    Bullish run

    BURN THEM SHORTS, BURN EM, BURN EM!
 
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