Based on the current world dynamics re inflation, flood events, rising interest rates, protests across Europe re high energy prices and Russia/Ukraine fiasco anyone could safely predict a 20% downside across all sectors next few months. There are a few shares I wouldn't want to be in at the moment, FMG and commodities sector generally possibly one of the safer positions aside of cash.
If the recession occurs as predicted then Governments will be throwing money at infrastructure, plenty of steel also required if the conflict expands in Ukraine which may already be planned by those that control political leaders.
FMG Technical Analysis, page-8626
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Last
$18.14 |
Change
0.020(0.11%) |
Mkt cap ! $55.85B | |||
| Open | High | Low | Value | Volume |
| $17.90 | $18.75 | $17.75 | $171.0M | 9.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1701 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.14 | 41253 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |