today sits as a flat red candle
opened +12c but the red body is -12c with tail of 3c neck of 21c
meaning the daily gains were SHORTED baks to the prior close
yet another false start daily chart pattern loved by SHORTS
yet another red candle
yet another close near daily lows
yet another troll below 20.50
market is peeved, all that cash they burnt on folly
AFAF lost a whopping $1,200M cash on Noront and MCR black holes now shuttered.
FMG lost $2B on H gas-H energy folly
I correctly called out this folly years ago and was laughed at but again proven SPOT ON!
this week could zigzag then August DCB to 24 then Sept Oct CRASH SEASON is thew worry here
Can 19-20 the 2023 lows hold then ?
Wouldnt be buying in till after 31 Oct imho. The risks exceed the rewards atm.
Shoulda taken the money toombs.
FMG Technical Analysis, page-11421
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Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |