Above 200 day on volume, needs contraction.
Are we going to finally break $11.00 with volume or are we heading back lower? Go buying opportunity if we can next week because it would be a green 2 over a green 1 over a 9. (According to TD Sequentials, this is bullish)
buyer strength starting to fade, thin orderflow within candles bars are telling the story, higher time framr picture sets the stage,albeit could stall here or react!? . if l get short l'd need good clear PA and its retest to show whales are here. before l join in.
FORTESCUE METALS - New all time high on breakout Fortescue has been a strong performer this year with Australia’s iron ore export earnings also forecast to soar to the second highest level on record this financial year bolstered by supply disruptions in Brazil after the tailings dam collapse. Fortescue rallied up hard before momentum fell away at the end of...
Hey guys welcome to my second chart this week. If your liking the charts so far show some support and give me a follow. Likes and comments are also appreciated. At first glance we have an overall bullish bias with trends clearly in favour of the bulls. Diving deeper into FMG we can see we have had a typical reversal with a sell off. accumulation. breakout. retest...
SP has broken through the long term resistance on the daily once again. Volume isn't that convincing though but I'd like to see this push through, then if it retraces, bounce off the new support (old resistance).
Waiting and watching to see where it breaks. My bias is to the upside
FMG share prices trade at 8.35 at the time of reporting after bouching at 8.10 support in the previous session. Share prices have created a long term price channel to the upside after bouncing at 8.10. A price break to the upside at 8.35, could lead to 8.70 price target. Share prices could retest 8.10 support if it fails at 8.35. Support: 8.10, 7.80,...
late fomos were enticed above while those exhausted longs above have now been burned in the furnace, resulting in a healthy deep pullback into area of interest, bounce occurred, now it's time to see if retest has bullish tone and if it still presents discount prices?! long if and when PA presents itself if not scrape it!
not sure and don't care why, but this looks like its finishing up consolidating and ready for its next move up.
Fortescue Metals Group Ltd. engages in the development of iron ore deposits. It operates through the China and Other geographical segments. Its projects include Chichester Hub, Solomon Hub, Port Hedland, Eliwana, Iron Bridgen and copper-gold exploration. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.
Optimism in the future of worldwide trade and resolution between China and USA has helped raise the fortunes of Fortescue metals recently. Fortescue Metals Group Ltd. engages in the development of iron ore deposits. It operates through the China and Other geographical segments. Its projects include Chichester Hub, Solomon Hub, Port Hedland, Eliwana, Iron Bridgen...
Fortescue Metals share prices fell in today's trading session did not really reflect its profit update, 3.30% to 7.32 due to a fall in the commodity index down 2.25% from time of reporting. Share prices seem to be holding on to its support level at 7.30; however, share prices could fall further to 7.00 if it fails at 7.30. If it holds at 7.30, we might see an...
Hi guys its bokchoininja here with another fibonacci analysis. In this analysis I highlight three critical zones of support and resistance predicted by good old fibonacci ratios. We had a nice kiss on the 1.618 level and are struggling to break past the current resistance zone. If we do break past we are headed upwards but the resistance box is where i have my buy...
Upside seems limited but 8.60 is current support. Risk of iron ore prices and Vale coming on line remain. But Ziggy has offered big dividend surprises recently and with low interest rates, dividends are king. Continuing to take shorts. Looking for 7.60.
Due to oversees market the ASX 200 should be opening higher this morning, this is why i'm looking to buy FMG. It had a nice pull back to the 20 ema with the confirmation with the fib levels as well.
Not for me. Has been under a buyback for sometime which messes things (volum) up ALOT... now for the shakeout Depending on hope far they push it,it may become appealing but not at the moment. Well not for me