FMG 0.99% $25.57 fortescue ltd

FMG Technical Analysis, page-99

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    wrong again @Rosayrov
    went down, You are calling wolf and no one believes you anymore.

    Terrible 12c long red bar closed at daily lows, the higher opening was retail meat for the shorting sharks,
    Another predictable false start pattern daily, opened higher and then sold down all day yet again.
    We again sit on the fence line of that 5.85-5.50 dividend driven spike retrace point from 21-22 August.

    Shorts are eyeing off a nice smackdown toward 5.50, its obvious on the monthly chart, to complete the rounding top pattern. With shorts making a fortune today, expect the same higher open & selldown all day tmrw.

    As I said 5.50 is more likely than 6.50 right now and all these shorters are making a mint selling right now so why would they change tactics.
 
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Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
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