##{"id":58373,"date":"2011-06-29T10:04:58","date_gmt":"2011-06-29T00:04:58","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/06\/29\/a-rally-for-fortescue\/"},"modified":"2011-06-29T10:04:58","modified_gmt":"2011-06-29T00:04:58","slug":"a-rally-for-fortescue","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/06\/29\/a-rally-for-fortescue\/","title":{"rendered":"A Rally For Fortescue?"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tThe TechWizard notes shares in Fortescue Metals ((FMG)) have held up quite well amidst at times significant selling pressures in the weeks past. From a technical perspective, the shares have landed back at the bottom of their trading range and the last time this happened, in early May, this proved fertile ground for a quick rally to $6.60 in only three days.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/FMG_Wizard_June.jpg\" style=\"width: 670px;height: 399px\" \/><\/p>\n<p>\n\tThe Wizard is hopeful history might repeat itself. He notes a break above $6.20, confirmed with a daily close above the 20 moving average (currently at $6.27) will confirm the bullish signal.<\/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 reports Fortescue shares might be ready for a sizable rally.<\/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\/58373"}],"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=58373"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58373\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}