What changed last week?
FMG's share price for sure. A fall in the IO price to a lower "high". A fall in US markets prompted by nothing to do with IO supply or demand. We got closer to shut down for CNY (even a wall calendar could see that coming). And a great FMG production report.
But the biggest change was sentiment to the share price as evidenced by posts here. It went from; when will we hit $30 to I think it will go below $20. The sentiment change just shows the psychology that doesn't help in trading/ investing and the herd mentality.
Iron ore price, page-27634
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Last
$20.40 |
Change
0.375(1.87%) |
Mkt cap ! $62.50B | |||
| Open | High | Low | Value | Volume |
| $19.90 | $20.42 | $19.90 | $66.20M | 3.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4546 | $20.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.40 | 8137 | 15 |
View Market Depth
| Last trade - 11.22am 15/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |