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FMG Technical Analysis, page-8363

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SMXtimes50folds

4,711 Posts.

521

14/06/22

16:06

Post #: 61994949
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Originally posted by tomboy: ↑

Brutal smackdown
followed Wall St lower, yet IOP still 139
FMG making a motza still
but market & SHORTS dont care less

last time went to 14-22-18-22-19.30-22-19.50 now
So its a series of higher lows and same highs around 22.00
a bullish wedge forming

19.30 prior low has to hold & today it held spectacularly well
the SHORTS tried to smack it below 19.30 today and failed.
hovering around 19.40-19.60 all arvo instead
they may try again tmrw

If it breaks past 19.60 may see a big SHORT SQUEEZE
SHORTS think they are in charge here
yet they only made about 100c today on open, not so great
shorts overnight were the ones who made a killing of 210c and there was many of them looks like and many piled out on the arvo ledge today around 19.50

With this TA pattern, the rising wedge is actually bullish medium term
if 19.30 can hold here it may run back to 22.00 to the usual seasonal highs in late July
then crack down back by Sept Oct as usual.

FMG is a trading stock now, up & down in set ranges looks like
the SHORTS are trying hard, but I say as usual-

BURN THEM SHORTS, BURN!

Expand

I have a buy at the recent dividend price.

Short game don't matter to us long term holders. Thanks for the TA though. Appreciated

FMG Price at posting: $19.65 Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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(20min delay)
Last $20.02		Change 0.550(2.82%)		Mkt cap ! $61.64B

Open	High	Low	Value	Volume
$19.72	$20.47	$19.51	$210.5M	10.52M

Buyers (Bids)

No.	Vol.	Price($)
4	74300	$20.01

Sellers (Offers)

Price($)	Vol.	No.
$20.03	100000	2

View Market Depth

No.	Vol.	Price($)
4	74300	20.010
14	25827	20.000
1	57244	19.990
2	37853	19.970
2	143	19.960

Price($)	Vol.	No.
20.030	100000	2
20.080	21790	2
20.100	2049	2
20.190	1200	1
20.200	5000	1

Last trade - 16.10pm 14/10/2024 (20 minute delay)

FMG (ASX) Chart

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