tech/a
No Ordinary Duck
- Joined
- 14 October 2004
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Next resistance is at about the 16.50 mark.
Yes. Derp.You mean Support?
Nothing much to see here in FMG.
Worth sticking in the knife draw.
FMG - Well "Shock & Horror" The CCI on FMG has given us an early morning 2nd Signal, AND the MFI has given a Very Weak Change of direction - Only 3 more Entry Signals to go before this may become a trade - HOWEVER, FMG could still go either way, that's why we need the remaining 3 CCI Signals and more +ive signal from the MFI.
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5.18am Friday 10/9/21 And Overnight the US FSUGY (ADR) CCI is showing improvement and is giving our CCI the lead for todays trade here in Aust - while the US FSUGY (ADR) MFI is obviously still in a ST Downtrend.4.30pm Thursday 9/9/21 - The CCI, although still showing a +ive Uptrend for FMG, did not give any additional signals today – the MFI continued it’s ST downward trend.
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Probably wait given the downtrend for iron ore prices, expectation of increasing brazilian iron ore output and continued suppression of Chinese steel output. That's a recipe for a sustained down trend IMOPatience young lad, take a deep breath.
What would you do Huh
don't let t/a know abt thatone of the directors bought a whopping $5.9k of shares yesterday.. not sure if that is a show of confidence or perhaps the opposite
Like a waterbottle to a bushfireone of the directors bought a whopping $5.9k of shares yesterday.. not sure if that is a show of confidence or perhaps the opposite
Why the Agro and uneducated comments, Dunno if I want to continue with this saga.
Patience young lad, take a deep breath.
What would you do Huh
Also, another interesting point about FMG reinvestment plan is that the shares issued are purchased on market, not newly created shares like some companies which create dilution.One thing I would be interested in due course is how far Twiggy and other directors took part in the dividend re investment plans.
Twiggy has around 1.3Billion shares already and always seems keen to increase his holding. I struggle to see what he will do with almost $2.8 billion cash from his last dividend payout. Curious to know.
Also, another interesting point about FMG reinvestment plan is that the shares issued are purchased on market, not newly created shares like some companies which create dilution.
Grey, I was right, should not have continued this FMG blow by blow experiment/explanation on how to trade using Indicators - That's it, No more, this is not the right environment for me to post anything I have to offer.Hi Grey, agree with the $18.00, that line (or a bit lower), is very interesting as FMG's IV is abt $23 atm - for me, Candles & a ST CCI indicator will call the tune at that level.
Would love to get back in ASAP, I feel that the "Double Top & the $12 call" is a bit "out of the ball park."
As mentioned in my previous posts, was never going to get involved like this again, so this is an experiment.
CYA
There are rules requiring all directors sales or purchases of shares be openly declared, this serves to maintain transparency for both the shareholders and the market in general. The director in question now holds 15,996 shares in FMG.one of the directors bought a whopping $5.9k of shares yesterday.. not sure if that is a show of confidence or perhaps the opposite
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