##{"id":57757,"date":"2011-02-24T10:16:55","date_gmt":"2011-02-23T23:16:55","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/02\/24\/quo-vadis-fortescue\/"},"modified":"2011-02-24T10:16:55","modified_gmt":"2011-02-23T23:16:55","slug":"quo-vadis-fortescue","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/02\/24\/quo-vadis-fortescue\/","title":{"rendered":"Quo Vadis, Fortescue?"},"content":{"rendered":"<p>\n\tThe TechWizard has observed shares in Fortescue ((FMG)) have been in a trading range since November 2010. He has also observed that price action is now testing the bottom of the range at $6.40.<\/p>\n<p>\n\tThe Wizard suggests there are now two scenarios for Fortescue shares. Either buyers will again move in and drive the share price higher. Under such scenario he sees $7 as back on the cards.<\/p>\n<p>\n\tThe alternative would be a break below $6.40. In that case we should see $6 in a hurry, he predicts.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/FMG_Wizard.jpg\" style=\"width: 680px;height: 322px\" \/><\/p>\n<p>\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard&#039;s, not FNArena&#039;s (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we <span>apologise<\/span>, but technical limitations are to blame.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TechWizard suggests this could be a make-or-break situation for Fortescue shares.<\/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\/57757"}],"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=57757"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57757\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}