3 out of the past 4 Fridays the price gets down to $17.30 odd then bounces up the next week only to be repeated again.
A pattern starting to emerge like it did with S32 where I would buy om a Friday and sell by Thursday. Stopped that a while back
when the reporting season started.
FMG only has to have a press release on anything good and she'll go skywards again.
Regardless I think the stock will go up early next week to around $18.50
What is a good site to see the current ore price.
I've been using this one.
https://tradingeconomics.com/commodity/iron-ore
Iron ore price, page-23814
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Last
$19.56 |
Change
0.060(0.31%) |
Mkt cap ! $60.47B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $156.3M | 7.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6398 | $21.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.61 | 4218 | 3 |
View Market Depth
| Last trade - 15.59pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |