FMG 2.64% $16.30 fortescue ltd

FMG Technical Analysis, page-8691

  1. 9,955 Posts.
    lightbulb Created with Sketch. 4304
    today another higher red candle
    with 11c body 11c neck 27c tail
    meaning the higher open got smashed down then V whipsaw back to 1660 so another V type daily chart

    the SHORTS got pulverised as the long tail was fast reversed and they were forced to cover higher
    SHORTS made no money today

    still in that 16-17 zone but way above that annual low at 14.70

    Looking more and more like the BEAR SEASON is over right on cue around 1 November.

    SHORTS BURNING AGAIN today.
    With global attention on FMG & AF, maybe best to go LONG now.

    22.00 the target by February imho.
 
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Last
$16.30
Change
0.420(2.64%)
Mkt cap ! $50.18B
Open High Low Value Volume
$16.00 $16.53 $16.00 $202.0M 12.41M

Buyers (Bids)

No. Vol. Price($)
2 895 $16.29
 

Sellers (Offers)

Price($) Vol. No.
$16.33 237 1
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Last trade - 16.10pm 11/09/2024 (20 minute delay) ?
FMG (ASX) Chart
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