FMG

"FMG" Is Setting Up a Structural Breakout Too Big to Ignore FMG — Wave 3 Expansion Continues With Macro (5) in Progress FMG remains in a strong higher-timeframe Wave 3 expansion , with the internal macro structure developing cleanly. Macro Wave (4) has already completed after a controlled corrective phase that held within the 0.236–0.382 retracement zone , reflecting continued institutional accumulation rather than distribution. Price is now advancing through macro Wave (5) , which itself is unfolding in five micro waves. Micro Waves 1–4 have a

Bullish potential detected for FMG Entry conditions: (i) higher share price for ASX:FMG along with swing up of indicators such as DMI/RSI. Stop loss for the trade (once activated) would be: (i) below the support level from the open of 14th November (i.e.: below $18.20), or (ii) below the support level from the open of 21st November (i.e.: below $17.87), depending on risk tolerance.

Iron Ore/FEF2! ~ Daily Swing Chart (Oct 2023)SGX:FEF2! chart mapping/analysis for med-long term swing trade strategies. China's Iron (Ore) Dragon lays dormant while the country celebrates Golden Week (Oct 1st-Oct 7th).

by BlueHatInvestor

Fortescue Fortescue is showing signs of weakness after failing to break out from last month's IHS/cup formation. There's potential for a drop to $15.

by Jackthelad26

FMG.ASX_Bullish Pullback Trade_Long ENTRY: 22.67 SL: 21.77 TP: 23.64 - 23.99 - ADX<25. Would like to be higher. - Daily RS +ve - Daily FFI -ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - Stoch RSI crosses up 20. - Entry based on controlled pullback until 3 Feb 2023 to resistance-turn-support area (21.77) and rebounded but would like an increasing volume.

by TRADER-WANNA-BE

SHORT FMG Thanks for viewing Just a simple technical analysis of the share price of FMG assuming continued correction from all time highs. Mostly just based on the Iron ore price having lost 55% from 2021 highs and still being 50% (while FMG is only down only 28%) down presently. Mapped out some support / demand and resistance / supply zones. Thinking something around sub-$12 would be a good short-term target (although I expect a bounce at the $14 level). Also based on 1:1 extension of the deep correcti

Is FMG in a Livermore Accumulation Cylinder?So I'm most of the way through Jessie Livermore's classic books on audible Reminiscences of a Stock Operator & Jesse Livermore’s Methods of Trading in Stocks . Looking back at this FMG chart could this be considered a Livermore accumulation cylinder? Love to know your thoughts! Comment / Find me on Twitter.

62 Fe Iron Ore Outlook for Australian Iron Ore 62% Fe CFR Iron Ore continues its bullish trajectory, closing in on USD160/tonne. The futures markets show a continued bullish trend. Chinese News China announces a 5.5% economic growth target for 2022, down from 6% for 2021. Premier of the State Council for the PRC, Li Keqiang, stressed the priority of 'economic stability' for 2022. In addition to this, the Premier announced that Covid-19 controls will be adjusted as needed to facilitate economic growth priorities. As the Winter Olympics hav

FMG bear locations If you are long term Iron Ore Bear, here are the kill zones I am looking at.

by UlyssesTrades

Fortescue Metals - oversold yet?Price at time of analysis is 45.5% discounted from high. Price action seems to have created a base over the last month with RSI divergence. depending on your time horizon current prices seem cheap especially when considering the company's fundamentals.

04:02

FMG little hope otherwise $11 range next.With current uncertainly www.commsec.com.au following is a snippet from news: 1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in May, following China’s clampdown on the property sector and pollution. 2. A downdraught in Chinese property prices would further subd

by AsimMirzaTrader

FMG Price Channel Oct-21 Through Dec-23 Fortescue Metals Group (ASX:FMG) This chart provides two price levels of established historical support. FMG shares have taken a bruising since late July in tight correlation with the drop in iron ore prices. Falling prices and the Evergrande debacle in China, its biggest importing nation, have been a 1-2 punch on this otherwise healthy and growing Australian mining company. Macro trends and commodities price forecast will be a main driver in the short and medium term. Comfortably in the top

by Bowling_Knight

FMG x Iron ore Price x DXY to adjust for currency sings So the Fe ore price hasn't caught up to FMG yet, with sentiment being LOW LOW LOW LOW a big skew IH&S is what I reckon shoudl happen... let's see the next few weeks.

by UnknownUnicorn13172879

ASX:FMG The recent drop in iron ore prices has seen the major mining companies being beaten down, the selling has now reached panic proportions and of all the big miners Fortescue has faired the worst. While I am not saying this is a good time to buy, as iron ore prices still have fundamental head winds to contend with and the prices can certainly move much lower before smaller miners are forced out the market and the supply glut begins to dissipate. However expect some consolidation or a small bounce w

Go Long on mining stocks $FMG Fortescue Metals Broke out today, I do expect $FMG to go higher in the short to mid-term just like BHP.

by johninvest17

FMG Daily Chart Ascending triangle forming for Fortescue on the daily chart. Potential breakout to the upside if it can breach the previously tested level of $24.00. Fairly solid support trendline dating back to March 2020. #FMG

by gardinerstreet

$FMG - Fortescue Metals Group pretty healthy looking accumulation/consolidation after a solid run on the 2D

FMG - Road Map FMG had been in a very nice uptrend in 2020, but the recent price action of Lower Highs and Lower Lows suggest that the trend may have weakened and it may find resistance between $24.00 and $25.00 level, and head lower. I think we may see a decent retracement lower ideally between the 50% and 61.8% Fib Retracement, between $14.00 and $15.50. I would be cautious at the current levels and wait for a pullback to enter a buy position. Please note these are my own notes for future reference, by no m

by AsimMirzaTrader

FMG.ASX Long @23.12 Breakout Long @ 23.12 Tp 24.00 SL 22.26

$MGX up up and beyond with Ironore price near record since 2010 $MGX up up and beyond with Ironore price near record since 2010

Go Long on Mining Stocks $FMG Time to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.

by johninvest17

FMG Turning Around. It was a phenomenal impulse. But now, it is time to come back to reality on Fortescue. NFA

by Rykin_Capital

FMG simple technical analysis ASX:FMG Great company quite bullish pattern. PT marked on the chart Good luck mates, don't miss the train!

$FMG Fortescue Metals, what are you going to do? 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)

by johninvest17