FMG 1.27% $19.21 fortescue ltd

Iron Ore Price, page-12268

  1. 6,296 Posts.
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    nothing would make me happier than to see FMG at $12 next year... i'll still be long...

    im glad a few people on here appreciate me input! i dont mean to offend anyone on any of the different forums i post on, if i look at a chart and it looks bearish i just say so, not because i hate the company or the management or the shareholders, thats just what i see...

    here's my chart... today's candle closed low and made a lower high from yesterday, both bearish signal... because of the wild gap up last thursday, id say previous support level is around $5.60, possibly wont get that low but who knows, never say never... a gap fill would be to $5.74, but that could also turn into a runaway gap...

    pullbacks are healthy for the stock long term, and great for trading in the short term...

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