FMG 2.23% $26.61 fortescue ltd

FMG Technical Analysis, page-11054

  1. 3,714 Posts.
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    @tomboy back when you were @Samboy69, time travelling back to April, 2017, when the SP was $5.26, and the IO price was under $60 you were predicting an SP of $4.55 and chastising the "rampers". Uhm, if you had bought and held then....... when you had the chance. But no, we are still in an endless rant about false start patterns, bear season, bear trends, drop downs and you always making correct calls and being spot on.

    Here is the post from April, 2017. The similarities are stark:




    Dont get sucked in by the rampers.
    At 6.50 and 5.50 they were all saying the same thing for FMG but it kept dropping away.
    Im the one who correctly called the 6.50-7.50 top yet again in FMG when the ramp crew on here were saying it was going higher.

    When I see the false start pattern I run for the hills coz I know the shorting Instos are killing the top off the flower yet again sucking you retailers into the story while they make Ms and you lose $10k each x 100 of you.
    I know I lost $22k in one day in day trading FMG with $600k of stock after IO price was up , all stocks were up that day except...FMG! Same pattern as today.

    The 6 month bear trend is not broken yet, this could be another false interim top just like on 23 may and then smack bang back to 4.70 (even 4.55-4.75 intraday).
    Just wait for the confirmation. Sure it may open at 5.30 then get sold back to 5.20 yet again.
    Dont hold your breath for anything different.
    Last edited by jhunt: 16/04/24
 
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