FMG 0.26% $19.55 fortescue ltd

FMG Technical Analysis, page-7885

  1. 10,131 Posts.
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    IOP UP FMG down?!

    a long red bar today with small neck/tail
    still way above the 15.50 area
    and well above the 14.00 triple bottom I correctly called.

    17.10-17.20 showed support on friday
    looks like more support at 17.00-17.40

    Shorts at open made 25c only, quite pathetic.
    Now the shorts going nowhere for the last 2 hours in a flatline
    If it rebounds to 17.60 they will be in serious trouble.

    I am not giving any advice but my opinion is -

    BURN them SHORTS, BURN!
 
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