Potential Sell Alert

FMG – Fortescue Metals Group Limited

FMG is showing weakness after news today that the CEO is stepping down. The company was doing well on the charts until it ran headlong into resistance and traders locked in profits. We now see weakness coming into the price and another wave of selling. Watching now for a sell entry to take advantage of a new move lower.

Stock Code : FMG – Fortescue Metals Group Limited

Company Website : http://www.fmgl.com.au

Current Price : 5.60

Status : On watch for Sell entry Setup