Fortescue Looks Poised

Technicals | Nov 05 2024

By Michael Gable 

The next few days are full of distractions as the RBA meets today and, of course, we have the US election overnight where results should be coming in live during Wednesday's trading session here in Australia.

It is anyone's guess as to what the market will do in the next few days.

Today we offer a technical view on shares in Fortescue ((FMG)).

After bouncing strongly in September, FMG then faced some selling pressure, but we can now see that it has held up very well in the past few weeks.


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