FORTESCUE METALS GROUP LTD FMG

Advanced_Analyst

Above 20 & 50 sma RSI above 50 MACD above 0 and positive

Advanced_Analyst

FMG RSI is higher than YTD at a resistance indicating strength MACD different look as YTD at resistance indicating strength 2 possible scenarios, Jump to previous high Retracement to 60 FIB

sanv-TPD Pro+

Next support level - $12.68, $11.12. A huge volume that indicates huge sell off.

sanv-TPD Pro+

A flat pattern will might end up the wave 4. The next target is likely to achieve leg c of a zigzag family ABC. Support is as the fib ratio of 78.6% which is the same support where the wave 4 of an impulse had ended.

sanv-TPD Pro+

possibly bull flag (the falling wedge). The price has to break the resistance zone around $20 for the entry. Target the same as the pole in between $26-$30. *not a trading tips. wave count might be wrong.

flyinkiwi10

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...

Sunstorminvest

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JonoBurcham

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.

bandbbricks Pro

strong upward trend since 2019, broke above top BB line, looking for retrace, good entry $19.80, exit $23.90, 20% profit, very bullish long term

bandbbricks Pro

if doesnt break the $21.50 resistance line , should retrace to $16.50 good entry point to go long back to $19.80 for 20%

Badcharts Premium

Chart trading would of gotten you in at a low risk entry point for #Fortescue. Not at the bottom, but still yielded some insane gains.

rutt Pro Updated 

Fmg - looks like the uptrend is about to resume. Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside. Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).

deCarbonMan Pro+

At these price levels it is a bit rich for my blood though. Volume is decreasing heading into resistance. Broke the downtrend, but on weak volumes RSI is not at point of conviction for me, looks pretty risky.

nirav2311

After Distribution - Downtrend & Re-accumulation and recent Uptrend, will FMG break the ICE? It might re-accumulate here till FY22 1H results due in Feb '22. Let's see what happens next? This post is for educational Purpose only

Jimster45

Alternative scenario: the downside breakout of 18.17 would call for 17.2 and 16.29. My pivot point stands at 18.17. My preference: as long as 18.17 is support look for 21.54. Comment: The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above...

UlyssesTrades Pro

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

widelings Pro+

I'll update this section once my fundamental analysis is done.

04:02

Mishka1 Pro+

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.