It was interesting to watch the "cascading stop losses"at 10-10am after the market opened on Friday. Would have bought at $7-45 as the buyers came back into the market but am already fully invested in FMG.
This pattern usually indicates the bottom - as shorters and institutions buy back in.
I must admit I was surprised how low the price went - and as noted by Big E in a post a couple of days ago - there were some gaps that unexpectedly got filled on Friday.
Hopefully the market settles down next week or victimises another more deserving sector! I prefer British Racing Green over Ferrari Red!!
GLTH Kangaroo1
Iron ore price, page-15070
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 (20min delay)
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |