FMG 3.09% $17.34 fortescue ltd

Charts are saying BUY SIGNAL, GREEN ALARMS BLARING. Another long...

  1. 9,873 Posts.
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    Charts are saying
    BUY SIGNAL, GREEN ALARMS BLARING.

    Another long green bar, 2 days in a row, bullish shooting chart pattern formed
    55c hogher green body, 22c neck 0c tail
    meaning the higher open kept going higher and only dropped in last hour
    the breakout past 20.00 is here
    the 19.50 was blown away and now even 20.50 got blown away no resistance like last time
    hit 20.85 now 20.63

    IOP still over 150, massively bullish for FCF & margins

    the SHORT smash train wreck 3 days in a row led to short covering all day yesterday & today in a rising daily chart HATED by SHORTS

    BURN YOU SHORTERS, BURN!

    looks like another $1M terrible loss today for the shorts after the same yesterday.

    But dont cry for them, its not their money nor their shares, they sell shares they dont own and bill the super fund for the $1M loss in 2 hours, it should be illegal.
    If they were selling cars or boats doing this they would be in jail for fraud.

    once again now hovering around daily highs above 20.50

    19.50 & 20.50 resistance ivots last time both broken and broken well so far.
    26 July high with meltup to 20-22 looking good identical pattern to last year
    so predictable on here.

    20.00 has to hold then into that 20-22 slowly meltup looks like.

    I love the smell of napalm in the morning,
    Burn them SHORTS, BURN!
 
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Last
$17.34
Change
0.520(3.09%)
Mkt cap ! $53.38B
Open High Low Value Volume
$17.31 $17.51 $17.00 $309.6M 17.18M

Buyers (Bids)

No. Vol. Price($)
1 300 $17.33
 

Sellers (Offers)

Price($) Vol. No.
$17.35 28897 5
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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