Its SHORT folly to be looking at the 50% FIB retrace imho
The real one to look at is the 61.8% FIB.
also the close was 29.88 on 31 Jan not 29.95
"The key Fibonacci retracement levels to keep an eye on are: 23.6%, 38.2%, 50.0%, 61.8%, and 76.4%. The levels that seem to hold the most weight are the 38.2%, 50.0%, and 61.8% levels, which are normally set as the default settings of most forex charting software."
so that makes it 18.47
Its SPOT ON there now at 18.20-18.60 where we have seen 4 x rebounds and support shown up at this area.
if youre waiting on $14.98 to hit during Sept/Oct CRASH SEASON then thats quite rich and SHORTS would love that but I never predicted that low at all and wont now.
at 27-29 I was abused for calling 20-22 annual lows now its 18.30,
So do you want to criticise & abuse me for not being bearish enough now, LOL.
BEWARE SHORTS, the clock is ticking. FMG is volatile and doesnt stay low for long.
BURN them SHORTS, BURN !
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Last
$17.32 |
Change
-0.840(4.63%) |
Mkt cap ! $53.32B |
Open | High | Low | Value | Volume |
$18.22 | $18.27 | $17.26 | $202.6M | 11.43M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4600 | $17.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.33 | 396 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4600 | 17.310 |
17 | 16956 | 17.300 |
4 | 10009 | 17.290 |
14 | 5483 | 17.280 |
9 | 10125 | 17.270 |
Price($) | Vol. | No. |
---|---|---|
17.330 | 396 | 1 |
17.340 | 13202 | 1 |
17.350 | 12563 | 1 |
17.360 | 11677 | 1 |
17.400 | 2325 | 4 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |