A whopping -89c open from the friday close
And then a V whipsaw higher all day BURNING the SHORTS all day into close.
overnight SHORTS made a killing today but daily SHORTS lost a large sum
Yet it sits as a very lower long green candle with 63c green body 11c neck and 1c tail
meaning the smashed open led to higher SP all day in a rising daily chart closing near daily highs hated by SHORTS
yet its still hovering at 20.00 area
yet its still a whopping 370c below the 26 July annual high where i called SELL & RUN.
19.00-19.50 rounding top completion areas I called months ago got hit today and bounced out
The test of 19.50 showed support today
BUT for how long and will it get tested again as 31 octo last year was the annual low at 14.70?
Its 300c higher than the same time last year right now but does that mean the low will be 17.70 this year?
The equity crash is imminent in CRASH SEASON (Sept-Oct)
the CRASH SEASON will affect FMG as well.
You got 100c divys but lost 370c of capital, NUTS.
SHORTS are BURNING today but looking to turn the tables yet again as global equities & macro factors weigh in soon. The western economies are going into recessions but WA is BOOMING.
Beware CRASH SEASON.
FMG Technical Analysis, page-10093
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |