FMG 1.48% $18.02 fortescue ltd

FMG Technical Analysis, page-9728

  1. 10,137 Posts.
    lightbulb Created with Sketch. 4380
    another bearish false start chart today
    opened higher +33c to sux in all the LONGS and then BANG BANG BANG all day down in a vicious SHORT ATTACK yet again.

    closed as a long red candle with -52c body 0c neck 1c tail closing at daily lows and below the prior close
    close below prior close and long red candle is BEARISH

    Its created another bearish red engulfing candlestick pattern
    normally leads to a drop away lower
    plus that prior years drop away of 450c in early July 2022 to 17.00 is a historical marker now
    We havent seen that drop as yet other than to 19.00 recently so will it happen again, i guessed yes.



    SHORTS in charge today and TA damage done.

    BULL TRAP still in play.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$18.02
Change
-0.270(1.48%)
Mkt cap ! $55.71B
Open High Low Value Volume
$18.20 $18.24 $18.00 $46.48M 2.560M

Buyers (Bids)

No. Vol. Price($)
12 2177 $18.02
 

Sellers (Offers)

Price($) Vol. No.
$18.03 3185 8
View Market Depth
Last trade - 13.18pm 14/11/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.