FMG 1.10% $17.92 fortescue ltd

Hi @MuppetPastorThank you for the barchart code … see chart...

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    Hi @MuppetPastor

    Thank you for the barchart code … see chart below

    https://hotcopper.com.au/data/attachments/6437/6437729-b7caafebe64bd0833cd4528df1528cb9.jpg


    A reasonably well defined down trend channel has formed … 3 times it has bounced off the lower channel … potentially good sign that it appears now to be bouncing from a higher level … 6 (grey or dull green, I am colour challenged lol), 50 (red) and 200 (blue) dma’s shown … imo look for the 6 dma to begin to flatten and then kick up … if confirmed, the tests will then be the 50 dma and the top of the channel.

    Cheers
    Dex
    Last edited by poyndexter: 06/09/24
 
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