Hi Guys,
Im back after a 5 year jungle holiday!
Yes my colleague SB started this thread years ago at $3 and now its $16 so time to go back to basic TA now.
The annual chart is showing a top out pattern with a typical mountain top high at $19.
The ex divvy crackdown was followed by selling pressure to $16 and now $16 becomes support ledge for holders & INSTOs.
Chanos might be back trying to crack it but there is too much INSTO funds in here now.
The divys are amazing and high yield.
Its net debt free & cashflow is amazing, its a cash making machine.
Still I called the bottom at $3 and a comeback to $13 which its long past that now.
lets see if $16 holds and can return to $19 or not..
FMG Technical Analysis, page-5518
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Last
$19.49 |
Change
0.320(1.67%) |
Mkt cap ! $60.00B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $114.2M | 5.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 5200 | 4 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |