Best check the fundamentals first for April and May. Seem to remember that was when a few mills were complaining about the
price and the way IO was traded - maybe then or a little later in the year.
There are of course other markets besides China.
Also a gander at the weekly chart is saying this is in no way overbought.
Rather a rude question and OK if you would rather not answer but what sort of quantity in shares would you be trading?
Profit remains substantial and I just can't imagine what would cause a dump in price of that magnitude of 80 cents.
Iron ore price, page-16207
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Last
$19.34 |
Change
0.170(0.89%) |
Mkt cap ! $59.34B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.45 | $18.92 | $72.34M | 3.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1793 | $19.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.34 | 797 | 6 |
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| Last trade - 14.01pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |