FMG is a SHORT target since 2008 buddy,
Ive been following it since 2003 for 20 years on here.
SHORTS like Chanos Leucadia UBS Citi have been SHORTING for a decade and more here
FMG is now a trading stock zigzagging around between 19-23
used to be a zigzag trading stock from 2 to 7 between 2009-2019 for 10 years
The massive gains 2003-2008 & Jan 2019 -Jan 2021 are DONE
this zigzag 16-23 since Feb 2021 has been going 2.5 years already & could go 10 years again like the last range did 2009-2019.
Everytime it gets to 23 it gets SHORTed back down, happened many times now the last 30 months.
Even only 4 weeks ago high got smashed lower
We are now 273c below the closing high of 26 July 2023 only 3 weeks ago.
The never ending bull story is BULL.
Its in a BULL TRAP pattern now imho.
We are in BEAR SEASON and the SHORTS are lining it up for a smackdown by 31 october as usual every year,
My call has been 16-19 lows, got hit once already, despite the abuse and laughter on here I was proven SPOT ON & CORRECT
now im trying to see where it bottoms out to call a bull run again but nowhere in sight and todays & this weeks candles inspire no confidence of any change to the current bear trend imho
BEWARE this BULL TRAP.
Trading Rule 6
never buy in a downtrend, don't catch the falling knife,
wait for the floor, it will be boringly obvious
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B |
Open | High | Low | Value | Volume |
$19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $19.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.50 | 24291 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 200 | 19.450 |
1 | 400 | 19.430 |
1 | 1500 | 19.420 |
2 | 2700 | 19.410 |
9 | 3664 | 19.400 |
Price($) | Vol. | No. |
---|---|---|
19.500 | 727 | 1 |
19.540 | 399 | 1 |
19.550 | 2368 | 1 |
19.560 | 514 | 1 |
19.580 | 2372 | 3 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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FMG (ASX) Chart |