2 long red bars yesterday closing near daily lows
today lower green bar under 23.00
and under 23.50 pivot
technical damage done, triple top clearly formed as I mentioned before
has to hold above 22.50 to avoid the 5th wave lower low bearish signal
the monthly rounding top pattern now clearly formed 23.30-26-23.30
the rising wedge has been cracked now moving into a cliff face.
dropping IOP not helping
I warned of the BIG SHORT since january at the 1st top at 26.00
the shorts are heavily here waiting for their moment
AF just had BHP takeover his pet canada low grade project Noront at a nice US$60M profit for him
looks like the Noront Board accepted the offer very very fast over AF.
BHP eyeing off AF assets again.
FMG needs to pay down that $4B junk bond debt & increase FCF not blow it on R&D that doesnt reduce AISC imho.
22.50 has to hold for the bulls. Shorts in charge now.
FMG Technical Analysis, page-6930
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |