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**Fortescue Metals **

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Fortescue Metals : The current Fibonacci Retraction levels are: (23.61%) $6.72: (38.2%) $5.55: (50%) $5.43: (61.8%) $5.31The current support levels are: (78.6%) $5.14: (100%) $4.92: (138.2%) $4.53: (161.8%) $4.29: (261.8%) $3.27: (423.61%) $1.62

Fortescue Metals has broken the first DeMark resistance point ($6.5075) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$6.645 & Stoploss for Fortescue Metals should be set at $6.44

**Fortescue Metals : Stochastic Oscillator (46.4)**

FMG: Stochastic Oscillator Signal -> (1) 21 Mar: NEUTRAL (2) 20 Mar: BULLISH CROSSUNDER (3) 19 Mar: BULLISH

**Limit order for a long position has been identified for Fortescue Metals [Bullish]**

Fortescue Metals has broken the first Woodie resistance point ($6.696) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$6.696 & Stoploss for Fortescue Metals should be set at $6.286

**Oversold signal for the Lower Donchian Band is still current for Fortescue Metals**

[BULLISH]: Fortescue Metals is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

**Price continues to trade below the Sine Weighted Moving Average(15) for FMG**

[BEARISH]: Fortescue Metals currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 2.4%.

**Australian Securities Exchange**See Trending

**Company**

[BULLISH]: Fortescue Metals currently has positive PPO 2.852%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

[BULLISH]: Fortescue Metals has a current ARO(25) of 48. This has change 0 points from yesterday.

Fortescue Metals current pivot point is: 6.485. The current resistance levels are: (R2) $6.69: (R2) $6.69: (R3) $6.805: The current support levels are: (S1) $6.395: (S2) $6.28: (S3) $6.19

**Fortescue Metals : Bull Harami**

[BULLISH]: Fortescue Metals has formed a new Bull Harami reversal pattern.

**The daily battle of control for Fortescue Metals was won by the buyers**

[BULLISH]: Fortescue Metals buyers are in control at the market close. This is the first day of buyer commitment for Fortescue Metals adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 13.3%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 4 days in the lower range giving a ratio of 0.5x.

FMG: EOM Current Signal -> (1) 21 Mar: BEARISH HARD (2) 20 Mar: BEARISH HARD (3) 19 Mar: BULLISH HARD

FMG: Open today versus close yesterday Current Signal ->(1) 21 Mar: BULLISH STRONG (2) 20 Mar: BEARISH STRONG (3) 19 Mar: BEARISH STRONG

Fortescue Metals current pivot point Camarilla is: $6.485. The current resistance levels are: (R1) $7.05: (R2) $7.591: (R3) $8.131: (R4) $9.753The current support levels are: (S1) $5.97: (S2) $5.429: (S3) $4.889: (S4) $3.268

[BULLISH]: Fortescue Metals is in an uptrend based on the Tricklar trend. The current rally number is 12 & the highest rally count for the LTM is 48. The highest rally for the month is 15

**Positive momentum: Price is trading higher for Fortescue Metals than 14 days ago**

[BULLISH]: Fortescue Metals currently has positive momentum of 0.53. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.4%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 4.7%.

**The TMA trend following signal is now active for Fortescue Metals [Bullish]**

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 2.4%.

[BULLISH WEAK]: Fortescue Metals has formed a Short White candlestick. This means, FMG has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

[BEARISH]: Fortescue Metals UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.189.

[BULLISH]: Fortescue Metals current price has highlighted recent buying pressure. Currently, the Elders Force Index is 75164.

**Fortescue Metals is being actively distributed**

[BEARISH]: Fortescue Metals (ASX:FMG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -5.33117e+006.

**Fortescue Metals : 1.618 Fibonacci Extension ($5.31)**

Fortescue Metals : The current Fibonacci Extension levels are: (23.61%) $6.72: (38.2%) $6.57: (50%) $6.45: (61.8%) $6.33The current support levels are: (78.6%) $6.16: (100%) $5.94: (138.2%) $5.55: (161.8%) $5.31: (261.8%) $4.29: (423.61%) $2.64

**Volume is still below the short term EMA for FMG [Bearish]**

[BEARISH]: Fortescue Metals currently has negative PVO -2.63%. The recent volume is losing momentum through a fall on the short term exponential moving average.

**[Bullish]: SMA(15) is serving as a support line for Fortescue Metals**

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 2.4%.

Fortescue Metals : The current Fibonacci Fan levels are: (23.61%) $6.97: (38.2%) $5.76: (50%) $5.63: (61.8%) $5.51The current support levels are: (78.6%) $5.33: (100%) $5.11: (138.2%) $4.7: (161.8%) $4.45: (261.8%) $3.39: (423.61%) $1.68

FMG: VROC Current Signal -> (1) 21 Mar: BULLISH CROSSOVER (2) 20 Mar: BEARISH (3) 19 Mar: BEARISH