FMG 0.84% $27.01 fortescue ltd

WOAH a 58c higher open, swept the SHORTs in the opening auction...

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    WOAH
    a 58c higher open, swept the SHORTs in the opening auction to 20.51, WOW.
    Then cover back to 20.26 then BULLISH retrace back to 20.50

    today a 3c higher red body 3c neck long 32c tail
    meaning the lows were smashed and V WHIPSAW to daily highs in 2 waves in a BULLISH daily tick chart

    Its another hammer candle in a bullish harami chart pattern, I stand by my call.

    SHORTS ARE BURNING
    overnight SHORTS lost 50c
    daily SHORTS now losing 20.25-20.50 say -25c already

    SHORT COVERING in play,

    I warned yesterday this was a BEAR TRAP & SHORT BURNING operation in play.
    SPOT ON again.
    My TA proven correct today yet again.

    Once again, i think the run to 22-23 is still open early Jan BULL SEASON.

    BURN them SHORTS, BURN.
    Last edited by tomboy: 21/12/22
 
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