FMG 1.17% $17.73 fortescue ltd

FMG Technical Analysis, page-8821

  1. 10,137 Posts.
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    BULLISH BREAKOUT!
    its BULL SEASON to January. Another 6 weeks of this.

    another higher green candle with nominal tail and longer neck
    cracking past 21.00 now as I called it would.

    33c higher green body with 18c neck and 2c small tail only 5 min ago
    now its even more bullish a 39c long green higher candle with 12c shorter neck and 2c tail.

    meaning overnight SHORTS BURNING and morning SHORTS at 20.90-21.00 are also BURNING now

    These SHORTS they tried to block this run but they clearly cant read or write or look at hotcopper.
    Its not their money or shares either that they are lsoing $1M poer day on, its super/bond money they are burning for nothing.

    22.00 here we come, way faster than i called back in July
    its gone from 15 to 21 in 5 weeks rather than 10 weeks like in 2020
    in 2020 the highs came in early Jan and mid Feb
    In 2021 it was 7 feb.

    around 22.00 expect to see this SHORT attack again and the BULLS may want to breakout toward that prior double top all time high of 26.00 of 2020.
    At this rate 22.00 might get smashed but I will wait to see the 22.00 action first.
    Will get interesting over 22.00 imho.



    SHORTS are BURNING, since 1 November to today,
    BURN THEM ALL!
    Last edited by tomboy: 07/12/22
 
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