FMG Technical Analysis, page-8148

a green candle today with shooting neck
22c green body 63c long neck 8c tail
meaning ran high and cut back at tops but still green
lower open smashed the shorts yet again after tuesdays carnage & then they recovered intraday to cut it down and now its coming back up again.

Shorts are burning
They tried to break the 20.00 point but they dont seem to realise its not a pivot
19-22 are the pivots

my call of 19-22 spot on so far and now a zigzag move till the divy & feb peak.
I think the shorts have gone in too early but what do they know, they cant read or write or do primary school maths and use other peoples money & shares to lose fortunes.
Dont know how they have jobs frankly.

My exboss would have sacked them all 2 weeks in,
19-20 has to hold then break to 22 for the divy.
If the divy is lower and they pay down debt as they should then thats positive.
if the divy is high and using debt to pay it and debt goes higher then thats NOT good imho.
IOP above 135 is a BIG positive
war & sanctions with china & russia also very positive for IOP.

expect a tussle till 22 Feb like last year.

Shorts are not happy today,
BURN them shorts BURN!