FMG 0.18% $21.86 fortescue ltd

the $2.90 level - will it hold?

  1. 13,243 Posts.
    lightbulb Created with Sketch. 73
    Probably time to watch this level now

    Concerns

    - US market at all time highs while FMG is touching lows (any US red will cause SP pressure)
    - IO at $75
    - Forecasts at $60

    Will it break down further or has the sell down finished and it holds for a while?

    CK



    If the $2.90 level fails and goes further, my next price target for 2015 is $1.68

 
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