yep exactly, it did the breakout today right on cue.
See the right HS chart, a bullish pendant
I still expect 21 run and a 20-22 zig zagging till 6 November
Market is predicting a bullish equity run after 6 Nov on the start of BULL SEASON as usual.
This is due to the US election season where republicans are expected to sweep the floor in all 3 branches including taking back the senate & presidency.
SHORTS are loosing since 11 Sept last 26 days.
How long will they tolerate this before they go LONG also?
FMG Technical Analysis, page-11615
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |