I am not an Elliot expert, maybe someone could give a word about it, but little I know tells me BHP is starting the wave 3 (the killer)....it might stop at $20...
Also, given the globalized world we live in, and growing middle classes around world, I believe FMG will be back to $10
if not beyond that when this debt crisis gets resolved (defaults). Markets are emotionals, so none of the economica fundamentals(logic) will make sense now.
Iron Ore Price, page-653
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |