FMG 3.23% $18.87 fortescue ltd

IOP is holding up very well indeed way above the 60-80 predicted...

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    IOP is holding up very well indeed
    way above the 60-80 predicted by the IMF
    yet FMG SP is in a bear zone nearing annual lows

    today a long red lower candle
    44c red body 13c neck 4c tail, near daily lows
    daily chart anopther L shape loved by SHORTS who now offload easy in arvo for their 45c profits today

    SHORTS loved it today again. Some INSTOs now shorting too looks like.
    They are eyeing off 16.00 to break the lows imho.
    My call 14-16 lows looking good in bear season.

    9 November bull run to break this bear cycle so wait for the lows & be patient.
    I dislike SHORTS though.
 
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