CONFIRMATION
The triple bottom held & the short squeeze smashed the shorts today
SHORTS are BURNING to a crisp.
I called this move last week!
A breakout to 15.00, its gone way past that to 15.70
A very long green bar, 142c green higher body 12c neck 0c tail
meaning itwent from daily lows to daily highs all morning and kept going
The SHORTS forced to cover in droves now joining the LONGS buying spree
I think this has everything to do with the H factory & UK H supply which could become globally massive for FMG. Green H production is difficult and costly & 95% of H production is dirtier than coal production but its volatile & dangerous but lacks supply.
Most H production 95% is from ammonia NH4 or methane CH4 electrolysis not water H2O.
There are carbon byproducts and the energy taken is less than the energy produced, if you can change that around then it would work but very slowly and expensive, yet the gas is in demand lets face it.
Maybe AF is a genius.
Corner the H market supply chain
My call now is 16.00 breakout then 19-22 by Feb as usual for the Nov - Feb bullrun season as in the last 2 years. Still 26 double top I also called seems so long ago now.
Last 2 years 35%-55% Nov to Feb, i have been saying this for a month on here.
Bullish November is finally HERE.
love the smell of napalm in the morning.
Shorts got smashed, BURN EM UP.
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Last
$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.45B |
Open | High | Low | Value | Volume |
$21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9760 | $21.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.27 | 7866 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1000 | 21.250 |
4 | 12614 | 21.220 |
1 | 5000 | 21.210 |
1 | 132 | 21.190 |
2 | 37157 | 21.170 |
Price($) | Vol. | No. |
---|---|---|
21.270 | 2057 | 3 |
21.300 | 1000 | 1 |
21.320 | 13727 | 2 |
21.340 | 150 | 1 |
21.350 | 21030 | 5 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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FMG (ASX) Chart |