well well well, theres another confirmation bullish candle,
With another hjgher green bar, with long 9c body, 2c wick and 1c tail closing near daily highs.
Its rerating toward market price as yankee shorts get smashed daily.
daily chart bullish with solid rising pattern and shorting attack in morning was beaten with vigour.
The bear trend was broken a few weeks ago with that V V V V flatline rebounding pattern.
4.11 is no TA resistance on way down,
4.00-4.30-4.65 are the prior low support points where the shorts pivoted from.
Should hit resistance at 4.30 then 4.65
Market price is 6.00 imho, and may overshoot with rising IOP & BBs
should never have been this low when compared to its peers.
Yes they should do more BBs now and reduce the divvy pool and free float available
And Twiggy buys in at lows reducing the free float equity even more
smart move by the BOSS of FMG having learnt his lesson from those crazy falling knife buyins at 5.30 years back on the way down. Now he is buying on way up with BB wind at his back as support.
75-13, a massive FCF generation machine
FMG will FLY!
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Last
$17.97 |
Change
0.710(4.11%) |
Mkt cap ! $55.32B |
Open | High | Low | Value | Volume |
$17.30 | $18.03 | $17.13 | $198.6M | 11.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | $17.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.98 | 24196 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | 17.950 |
1 | 34 | 17.940 |
2 | 200 | 17.920 |
1 | 100 | 17.910 |
3 | 3734 | 17.900 |
Price($) | Vol. | No. |
---|---|---|
17.980 | 24196 | 6 |
17.990 | 200 | 1 |
18.000 | 1934 | 6 |
18.010 | 200 | 1 |
18.020 | 2743 | 2 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |