FMG 5.04% $17.50 fortescue ltd

FMG Technical Analysis, page-8672

  1. 9,963 Posts.
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    well looks like the shorters were all drunk & gambling at the melbourne cup yesterday
    wondering why there was a long green candle in bear season yesterday
    now back in full swing

    another higher red candle with 16c body 5c neck 11c tail with higher open smashed down and a WL daily chart with the 15.70 tops poppy cut 3 times today now near daily lows

    Bear season has 7 days to go, last chance hurrah for the SHORTERS but way above 14.00 so looks like that 14.60 end October was the annual low & rounding top pattern is now complete.

    On the bullish upside we are now looking for a run up toward that 22.00 by February yet again just like last year, same old.

    welcome@avagadro a self confessed SHORTER
    I wish you well in the 7 days left to come, After that -

    MAY your SHORTS BURN, BURN BURN!
 
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
FMG (ASX) Chart
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