FMG Technical Analysis, page-9956

Today opened -7c below prior close
the lower open led to a test of the 21.00 pivot
a bullish tick pattern on daily chart hated by the SHORTERS

resulted in a green with lower green body of +26c neck 7c tail 1c
meaning the lower open did the trick to hurt the daily SHORTS
the cliff face has tapered into a ledge around 21.00, thats positive.

SHORTS still not done with yet, they are eyeing off the 20.00 target but not today

China lower growth lower imports news is bearish, native title dispute news is bearish, dropping IOP is bearish trend but anything over 90 is still massive FCF for FMG & LT bullish imho.

FMG junk bond debt still $4.5B at high rates, why cant or wont they PAY OFF THE JUNK BOND DEBT?!

UBS is furious at AF over the MCR bid where they lost $20M so expect the UBS junk bond response in FMG sooner or later (possibly more bearish news).

This isnt about FMG FCF but about how they have wasted so much of it.
SHORTS waiting for their time still. BUYER BEWARE,

Trading Rule 1 = BUY LOW sell high.