Hi @Mr_Cautious
I think that is hopefully the 3rd consolidation range, after the first two I mentioned.
We have done such a deep dive below the 200 dma that it seems unlikely there will be a steep recovery, barring tome awesome FMG specific news. A solid base whilst slow, seems a better platform from which to rise sustainably imo … we are investors in a cyclical global industry and subject to events outside FMG control.
Dex
FMG Technical Analysis, page-11471
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |