FMG Technical Analysis, page-92

Samboy, you are over analyses TA. Looking at day to day candle doesn't tell you anything. Have a look at the SP graph from late June and you will see a clear trend..... UP!

The daily up and down of FMG I see that with most of my other stocks as well.

SP is just consolidating around $6 mark, today was a gift to buy below $5.70.

SP goes down doesn't mean it's weak, it's just some garbage some people say when they have no idea why it goes down. Lately I have not seen a STRONGER SP action from FMG for the last 12 months, SP basically found a lot of support even when IO Future dropped more than 11% last week, in the past, SP would fall 15% by now, but we've seen SP barely moved after a week of heavy selling at IO Future.

The Banks/Funds are long FMG now, they will try to suck in as many share as they can below $6 before SP pop and run past $6.50. I see $6.50 more likely than $5.50.

DYOR.

Frank.