an extract of an email from ABN AMRO this morning. please DYOR and translate the info into YOUR intentions. dont address me, i only have pasted the info..thx
MINI Trading Buy:
Fortescue Metals Group (FMGKZA) – Pilbara Expansion
FMG gave back some of their gains from Monday, to settle back at $8.77. The $8 level has a
strong support for the stock and we continue to feel that it could track higher back to $10. We
recommend buying the dips FMGKZA is still the vehicle of choice.
The low $8 level represents the equivalent previous high levels reached 3 times in Jan and
twice in March. This old resistance level may provide some new support this week. Suggest
keeping a tight stop loss if the price falls below $8. Play the FMGKZA Mini Long for a short
term bounce.
abn amro today
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 (20min delay)
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Last
$21.92 |
Change
-0.490(2.19%) |
Mkt cap ! $67.62B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.19 | $21.82 | $54.03M | 2.457M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3342 | $21.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 894 | 5 |
View Market Depth
| Last trade - 13.20pm 08/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |