Hi farlap,
Mongombolo is a seasoned trader IMO, I respect his views and sometimes I act on them.
I guess it's a matter of opinion and interpretation of data. There is no way in the world that I would suggest that the price WILL go up, or down for that matter. The charts suggest a probable course for the SP and it's a measured risk. Also, in addition to the charts, the current financing issues (albeit for the long term investment strategy) is weighing heavily on the SP. Once this is resolved, I think we will see real move northwards in the SP.
Personally, I'm accumulating, trading and holding FMG. All three at once. lol. I really don't think the we are far away from a leg upwards.
Please DYOR though.
Cheers.
look carefully at the wording of announcement, page-13
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Last
$19.49 |
Change
0.320(1.67%) |
Mkt cap ! $60.00B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $114.2M | 5.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 5200 | 4 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |