FMG 1.20% $21.41 fortescue ltd

golden cross, page-2

  1. 3,728 Posts.
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    Hi Selmax, yes funny that I noticed that this morning! Not only that, but it occurred after the weekly pivot point and intersected at the daily pivot point. It's not really relevant, but just a great coincidence. For now the 200MA is still pointing downwards, so the long term views and opinions will be still a little bruised and fragile. Don't be surprised if the price at some time pulls back to the 200ma only to turn upwards from there. But for now, the higher prices will eventually pull the line upwards if they can continue to say there.
 
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