FMG 0.92% $25.81 fortescue ltd

@Rosayrov So you said "I recon SP will go up again once the...

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    @Rosayrov
    So you said "I recon SP will go up again once the Dalian start to rise. Which can happen next few days"
    So thats 0 out of 11 on your calls.
    Went down badly today yet again as I predicted,
    another terrible long red bar 13c body with 3c tail and no wick, bang straight down all day with the midsession rise to 5.44 beaten back at close yet again to 5.40

    look at what a TA expert has said
    @sohoisnotforsale
    he called 5.40 and spot on, a close at that price today
    he is looking at the charts like me closely and called a break of the uptrend something I called weeks ago
    he also called if it goes below that watch for 4.90 then 4.60 support levels
    not far from what I have been calling
    I called a rounding top pattern completion to 5.50 then back to 5.00/4.65
    The annual chart looks to be at a dropping cliff face

    Anyone care to catch the falling knife?
    best to wait till its firmly in the floor for a few weeks before grabbing it. Wait for the floor and trend to clarify, the recent uptrend has been choppy and unconvincing despite the massive dividend payout. Clearly the pros & shorters are selling FMg down despite what rampers say on here.

    I am not paid nothing buddy, I am a long term observer and even holder at times, I am here to help bring some clarity to the SP movements and be realistic unlike the ramp camp on here who are likely shorters selling to you retailers.
    Dont believe the hype! Dont be emotional with your hard earned.
    5.00 is what the shorts are now looking at to complete the double rounding top pattern from 25 July.
 
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