Minor X wave correction of FMGExpecting the correction to end on the yellow trendline in the next 2-3 trading days with a last Y wave down to somewhere in the vicinity of 3.75ish by Topstock271
FMG path to $5.30FMG is commencing a X wave which should take more than a year to complete, so it won't happen over night. All of this will be done in 3 main waves structure blue, red, green. First structure is initial path upwards, then the second structure is the pullback and the third structure is the final upleg to around $5.30. by Topstock272
$FMG.AX looks like headed lower to 3.80 to 3.60$FMG.AX looks like headed lower to 3.80 Yrly Pivot Support 1 to 3.60 fibby Sachinsyd1
BULLISH ON FORTESCUE : TARGET $5.46FMG has formed a Head and Shoulder bottom. Price has broken a recent 6 day channel high. ADX signalling a bullish trend is forming. RSI at 65 and in an uptrend. Stochastics signalling momentum.Longby UnknownUnicorn2300428220
FMG Reversal triangle-54 Week Descending triangle -Relatively defined boundaries for a large pattern -Declining volume -Could require more time to fill out pattern 100 basis points planned, 50 on break, 50 on break and closeShortby TomKirkUpdated 3
FMG 1w trendlineBunched up moving averages with a higher low on MACD and tightening spread. tested $5 support/resistance recently. Will watch closely.Longby Jaknoph3
Value, Safety, Timing Stock FMGFMG.AX is in the list of Top VST Stocks in VectorVest on 21-Aug RV = 1.66 RS = 0.97 RT = 1.51 VST = 1.40 CI = 0.71 The Relative Timing values of FMG has been settled less than 1.0 nearly 5 months RT crossover occurred first time after 5 months on 21-Aug from 0.88 to 1.51 that show a strong buy signal BTW, the structure of inverted H&S has completed, and recently re-tested $5.44, FMG.AX can reach $6.35.Longby SoloTraderAU6
All time chart of FMG to be followed by medium/short term chartsLT 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 .. by Josh96172
FMG.ASX RESISTANCE BOUNDARY TO BE BROKENSEE UPSIDE TO $6.50 IF $5.50 CAN BE OVERCOMEby PR0F1T5Updated 113
FMG bleeding Fortescue has gapped down from the daily 150MA on the back of iron ore, may attempt to close the gap then sink again Shortby ugeo211224