FMG took out the April top, which many stocks have yet to do or may not even do.
I would have been very wary going long at that $5.44 level... yet it rose bullishly to $5.80... and that really rang alarm bells for me, especially with indicators overbought on the daily and weekly charts.
Weekly stochastic hasn't been this overbought for years ---not even at the $13 all time high.
Looks very much like an island reversal now, with that gap to be filled down.
today's gap, page-6
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 (20min delay)
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Last
$16.20 |
Change
0.080(0.50%) |
Mkt cap ! $49.87B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.34 | $15.91 | $139.5M | 8.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70232 | $16.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.20 | 830 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |