FMG 1.87% $18.40 fortescue ltd

FMG Technical Analysis, page-8823

  1. 9,818 Posts.
    lightbulb Created with Sketch. 4245
    I said 22.00 the prior triple top 2021
    in 2020 the high was 26.00 early Jan & mid Feb, a double top AllTimeHigh

    22 is the current target
    but as this BULL RUN has been faster sharper than expected it likely will overshoot

    If it hits 22 in days with no retrace down, the BULLS may run it toward 26, need to watch the action around 22 imho

    no typo by me.
    i meant that.
    you shouldve listened to my call last year & sold at 22 & bought back at 15. Now sellzone appears to be 22-26 somewhere, will see when the INSTOs sharks turn SHORTS as usual at the tops

    but for now its BULL SEASON to jan
    and the SHORTS ARE BURNING.

    TRADING RULE 8
    never sell on the way up, sell on the way down, as you never know where the top will be, it could keep going higher

    current bias, hold, wait for the top & topout patterns 22-26
    Last edited by tomboy: 08/12/22
 
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