Seems to me that fundamentals are currently being ignored and traders and chart watchers,
except mehave taken over.
Today with just over 9.8 mill traded we were down .08 cents or 1.76%
while the materials sector was down only 0.7%
We finished at $4.47 and the VWAP is currently $ 4.48
Gives me no pleasure to say this but there is a possibility that traders might again have their way
tomorrow. Time will tell and I could be wrong.
Will I get to be a contrarian and buy late Friday afternoon
A lot of purses are bigger than mine and only a fool would try to bully the market.
My take is that traders will not be happy until that gap is closed unfortunately.
All opinions only.
Iron ore price, page-9209
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |