As an update from my previous post:
After the small run early November, the SP broke the support pushing it up. This created an even better re-entry point than previously thought.
The first goal of a 20% gain from October 31st is still on track for February 1st. Although SP is directly touching down trend resistance. If this resistance is broken expect a strong rally north. Already attempted once, very possible that Monday's opening pushes it through.
If resistance isn't broken, we could see a good re-entry point to top up holdings.
If the first goal is met, I don't see FMG slowing down much before reaching the second goal of 50% gain by May (from October 31st) except at resistance levels at $6.00.
DYOR
TT.
FMG Technical Analysis, page-715
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Last
$16.13 |
Change
-0.070(0.43%) |
Mkt cap ! $49.66B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.47 | $15.93 | $188.9M | 11.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3323 | $16.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.15 | 750 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |