In samboys lingo thats -
a higher green bar with 4c body & 2c tail and 3c wick
Again cracking out of this range supported by stronger IOP gone to 70.
Dec/Jan are seasonally bullish for FMG SP, usually annual highs in Late Jan/mid Feb
So should see a break to 4.30-4.65 and has to break above 4.65 by end jan to reconnect its former annual lows and create support there. Cant see $500M BB being for nothing.
If not may see that $500M being doubled up again next year to deplete short holders equity.
FMG should be at 6.00+ on fundamentals right now
The shorters are going to BURN..
BURN THEM SHORTS
FMG Technical Analysis, page-2372
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |