Price has stabilised. Perfect buying opportunity. Shorters might get lucky, however in my opinion there is more upside opp than downside risk, short and be prepared to cover big time. Get squeezed out and pay the consequences.
2nd half of the year will be more positive for iron ore prices as ore stock piles reduce, demand will increase and the price of ore will bounce. China steel manufacturers will be forced to consolidate, there is more talk about Chinese gov stimulus.
This favours our iron ore producers who have already taken a big knock, I still see buying opportunities. End of this year. Fmg over $6
- Forums
- ASX - By Stock
- FMG
- weak china steel demand will continue!
weak china steel demand will continue! , page-42
-
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$19.84 |
Change
0.300(1.54%) |
Mkt cap ! $61.08B |
Open | High | Low | Value | Volume |
$19.73 | $20.08 | $19.57 | $109.3M | 5.507M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1002 | $19.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.85 | 72168 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1002 | 19.830 |
3 | 5610 | 19.810 |
3 | 3157 | 19.800 |
1 | 1100 | 19.780 |
3 | 770 | 19.770 |
Price($) | Vol. | No. |
---|---|---|
19.850 | 72168 | 3 |
19.870 | 4151 | 1 |
19.900 | 5955 | 2 |
19.920 | 1124 | 2 |
19.930 | 3000 | 1 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online