FMG Technical Analysis, page-9949

yesterdays close was bearish, closed at daily lows
created a red candle with -7c body after that bearish open -23c lower than prior close with long unsupported neck 19c that was sold off all day

And today opened +45c higher than prior close but now another red candle & another false start pattern loved by SHORTS
now its a higher red candle with -12c red body 2c neck long 16c tail
meaning the higher open got smashed down into a V pattern and still below the open
once again hit 21.20 area support in 2 days but its fake support

2 red candles in a row
false start patterns and bearish candles appearing regularily
BEAR SEASON, zigzag patterns galore
SHORTS in charge, bearish indictors rising

Now we hear AF had a secret divorce and his ex is now holding more FMG shares than him, the junk bond debt has barely been reduced in 4 years, $2B blown on H hot air waste, FFI in dramas with FG walking out and the refinery & exmouth mines going nowhere and the poor credit rating hasnt changed either.

Now we also hear land titles claims are piling up, $500M is tip of the iceberg, but sure he says he fights against slavery and oppression of the indigenous & homeless while creating 20,000 homeless slaves in Perth from ANL AGO BWX POS MCR & fighting the indigenous in the Courts for compensation for their native lands!

All that cashflow and so little result!
SHORTS going to love this newsflow next few months imho.
SHORTS target 16-19 by 31 october