flat neutral doji with 3c wick and 4c tail after 2 greenbars and a long dragonfly type doji.
This is a classic reversal of trend pattern.
Just in time for the mid June annual lows and now divvy runup to late August early Sept seasonal highs.
I think I should call the annual lows are done and past with that 4.30 double bottom and V rebound out.
Should see a nice runup to 5.00-6.00 again like last few years yet the debt is a lot lower, annual interest repayments & costs are a lot lower, margins and FCF are way higher and they have 20% of AGO in pocket as a blocking stake blocking MIN and now blocking Gina.
When IO price was at U$38 & $45 rather than $62 now with higher debt and higher costs and lower margins and higher loan interest pa, FMG stock was at a higher price than now!
FMG Technical Analysis, page-919
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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 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |