This a TA breakout based on the IO price and massive FCF flowing into FMG coffers the last few months with IO above 70.
I called for months that 4.30 would be broken and then go to that 3 year prior support point of 4.65.
4.65 resistance here we come.
If that breaks I called a run to 5.30
I also stated for months that its a classic rebound pattern since the double lows and a breakout pattern since its held above 4.00.
Expect another BB launch this year of another $500M imho after the massive success of the first one
the SHORTS are BURNING!
Breakout Alert!, page-16
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.67B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $182.9M | 8.919M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |