FMG 5.86% $20.07 fortescue ltd

FMG Technical Analysis, page-11148

  1. 2,687 Posts.
    lightbulb Created with Sketch. 61
    Hi Dex.
    I do agree, the chart movements and volumes are an insight to the minds of the people that are the market.
    Humans have repeatable traits.
    Hence a whole industry has grown around TA.

    Gaps are my favorite chart item I like to watch.
    Some companies' movement closes gaps within days, some months later. In varying ways, maybe a normal down trend or something as spectacular as a small day candle with an extremally long lower wick than the candle body that manages to just close a long past gap.

    I do place more trust on a Friday/Monday gap being closed.

    No not all gaps get closed. Especially in a company that has or is going through a re-rate, such as FMG has had recently and likely to again shortly.
    DEG left a few gaps sub 10 cents after a re-rate to around $1.30 now.
 
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Last
$20.07
Change
-1.250(5.86%)
Mkt cap ! $63.87B
Open High Low Value Volume
$20.65 $20.83 $20.02 $151.6M 7.408M

Buyers (Bids)

No. Vol. Price($)
17 4754 $20.07
 

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Price($) Vol. No.
$20.08 5676 10
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Last trade - 12.51pm 25/07/2024 (20 minute delay) ?
FMG (ASX) Chart
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