More Upside For Fortescue

Technicals | Jul 14 2020

By Michael Gable 

In this meandering market, a couple of rotations or shifts in sentiment may be underway in the short term. A bit of heat should now come out of some technology stocks in general and that means that opportunities in that space will be available at some point soon, just not yet. Resource stocks also seem well supported right now, not only in the large cap space, but also the mid-caps. We are also seeing some relative support in the financials space at this point in time.

In this week's charting section, we have Fortescue Metals Group ((FMG))


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