another bearish false start chart today
opened higher +33c to sux in all the LONGS and then BANG BANG BANG all day down in a vicious SHORT ATTACK yet again.
closed as a long red candle with -52c body 0c neck 1c tail closing at daily lows and below the prior close
close below prior close and long red candle is BEARISH
Its created another bearish red engulfing candlestick pattern
normally leads to a drop away lower
plus that prior years drop away of 450c in early July 2022 to 17.00 is a historical marker now
We havent seen that drop as yet other than to 19.00 recently so will it happen again, i guessed yes.
SHORTS in charge today and TA damage done.
BULL TRAP still in play.
FMG Technical Analysis, page-9728
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Last
$18.99 |
Change
0.120(0.64%) |
Mkt cap ! $58.46B | |||
| Open | High | Low | Value | Volume |
| $19.38 | $19.38 | $18.91 | $211.5M | 11.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $18.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.00 | 130177 | 4 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |