Due to the recent $2 dump on FMG and a loss of confidence there should now be a few punters waiting in the wings wanting to re-enter. IF / or WHEN the worst is over they will be in a big hurry to invest again at a lowish price and momentum should carry the s/p back up in a hurry. FOMO. Naturally traders will help the push up and sell when it's attractive to them leaving the longs invested at a good entry ??? IMO
I think there might be confidence today but who knows when the worst may be over ?? If the Dalian runs up again when it opens that might be a signal.
Iron ore price, page-911
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Last
$16.30 |
Change
0.420(2.64%) |
Mkt cap ! $50.18B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.53 | $16.00 | $202.0M | 12.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 895 | $16.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.33 | 237 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |