FMG 1.54% $19.84 fortescue ltd

FMG Technical Analysis, page-8705

  1. 10,088 Posts.
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    on the 3rd wave higher today
    now a 30c higher long green body nearing daily highs yet again
    the green body keeps getting longer higher & greener & the neck smaller and shorter
    daily and monthly highs today.

    going into the closing auction the SHORTS will have to cover and LOSE 20c-30c.
    UBS has been shorting stocks the last few weeks on ASX, likely they have been here as well

    18.20-19.50 resistance next stop
    BULL RUN to 22.00 to Jan/Feb looking probable now.

    Hey SHORTS, have a happy Friday & go xxxx (BURN) yourselves.
    Last edited by tomboy: 11/11/22
 
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