FMG Technical Analysis, page-8456

err @irynka, perhaps you didnt look at the charts-

in 2019 1 july FMG SP was 9.20, in 5 Aug it was 7.20
took to Nov 1 to get back to 9.20 again

same happened in 2020, 18-19 peak in July then 15.80 lows 21 Sept taking to Nov 23 to get back to the same level of 18-19
and again 2021 with 26 july peak of 26 dropping to 14 lows in Oct.
The problem is this high is nowhere near that 26 high that got smashed to 14 in Oct 2021, the triple top annual high is only 22 this year and the July high even lower around 18.75 forget 26.00.

So yes bear season is Aug to Oct for 4 years in a row.

And today we see another green candle (3 days in a row) with a breakout past the double top highs of 18.75 in July
but now seeing SHORTS entering last hour and resistance again at this level.
May end up as a triple top high on the monthly with another low around Sept Oct of 10-15 yet again,
SO PREDICATBLE!

Going into bear season i would not be holding Long here
its a BULL TRAP.
Wait to October lows if you want cheap FMG stock imho.

SHORTS are ever present here and will seek their pound of flesh as they are doing right now onscreen today at the daily highs.
SHORTS are in charge till October imho.
The trend is your friend.

BURN THEM LONGS, BURN!
SNAP the BULL TRAP.