i reckon people shorting FMG at this price 4.4x is like playing with fire.
With most IBs issuing reports that iron ore has bottomed, iron ore spot price could shoot up anytime.
When it does, in my opinion, FMG could spike 10% into the 5.0 territory easily.
At this price level 4.4x, its a steal!
DYOR.
FMG is oversold in today's session, page-2
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |