LT Strong sideways channel/Price Action In a minor declining phase or pullback Higher pullback SL At A/T Resistance looking for a possible break Nearest Support level @ 5.00 (Round No.) Next Resistance level @ 7.00 (Round No.) Next Support level @ 1.70s RSI around 60% level MACD ..
SEE UPSIDE TO $6.50 IF $5.50 CAN BE OVERCOME
Fortescue has gapped down from the daily 150MA on the back of iron ore, may attempt to close the gap then sink again