FMG 3.09% $17.34 fortescue ltd

FMG Technical Analysis, page-8892

  1. 9,873 Posts.
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    today a long red candle with -35c body 10c neck 3c tail
    a higher open 19c higher than yesterdays close
    closed near daily lows and an L shape daily chart loved by SHORTERS.

    The higher open got slashed down all day today
    but closed at the christmas line around 20.50

    its a ledge pattern 20-21 since 5 dec to 31 dec for 4 weeks now.
    looks bullish as the ledge s used to bounce UP from normally especially during BULL SEASON till Feb.

    early Jan the INSTOs will need cash & profits from the holiday cash drain & christams parties
    will they all SHORT or RAMP during BULL SEASSON to get that easy cash, take a guess!

    22-23 looking good imho
    BURN them shorts, BURN.
 
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Last
$17.34
Change
0.520(3.09%)
Mkt cap ! $53.38B
Open High Low Value Volume
$17.31 $17.51 $17.00 $309.6M 17.18M

Buyers (Bids)

No. Vol. Price($)
1 300 $17.33
 

Sellers (Offers)

Price($) Vol. No.
$17.35 28897 5
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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