{"id":56560,"date":"2010-05-04T10:26:10","date_gmt":"2010-05-04T00:26:10","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/05\/04\/fortescue-on-wizards-radar\/"},"modified":"2010-05-04T10:26:10","modified_gmt":"2010-05-04T00:26:10","slug":"fortescue-on-wizards-radar","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/05\/04\/fortescue-on-wizards-radar\/","title":{"rendered":"Fortescue On Wizard&#8217;s Radar"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tSince the start of this year, reports the TechWizard, shares in Fortescue Metals ((FMG)) have remained in a trading range between $5.40 and $4.40.<\/p>\n<p>\n\tFrom a trader&#039;s point of view, he says, identifying these trading ranges can be the beginning of a very profitable strategy as they provide predefined buy and sell levels. Of course, at some point these ranges are broken, but no strategy is completely without risk, he says.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/FMG.png\" \/><\/p>\n<p>\n\tFortescue shares are firmly on the Wizard&#039;s radar as the shares have landed back at the bottom of their range. This could be the next buying opportunity, suggests the Wizard.<\/p>\n<p>\n\tHe&#039;s waiting for the stochastic to cross and then to turn up again, as this will confirm the trend has reversed for the shares.<\/p>\n<p>\n\tThe Wizard reports he at present does not own shares in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard reports he is following Fortescue shares with increased interest as a trading opportunity might present itself.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[89,88],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56560"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56560"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56560\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}