Well that's a lovely FMG chart. My prediction of a pull back was on the ball until about 10:30am and $9.58. Then it went gang busters for the rest of the day. So much so that I forgot I had a Rising Sell order at $9.92 that got taken out. Can't be sad about taking profit but it was one I didn't want to sell.
So I'm in two minds now. My brain says don't buy the breakout, it will come back. My heart says load up for some more, as you've always got the dividend to fall back on.
As far as technicals go. There was a fair bit of selling at the auction. Traders getting out with a 3% return today. Also as said, weary of buying the breakout (I've bought too many times on the high only to be hurt by a retreating sp). Williams is overbought, but really I can't see anything holding this back.
FMG Technical Analysis, page-4158
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |