SHORTS hit the close
closed below 18.34 so another bearish engulfing candle formation x 2 formed on the weekly.
SHORTS are predicting this pattern will mean a bear rundown monday where they will try another SHORT ATTACK at 18.00 no doubt.
yet IOP is flat and US equities are flat too tonight
This also ignores that its at 3 year lows below 19.00 still or that the V low was formed in mid August under 17.00 and its V whipsawed out of it.
29 to 16 has been an amazing rundown for the SHORTS & hoping it will keep going lower is a poor strategy. We normally see the SHORTS BURNNG when they get too low and overconfident, thats why I say
BURN THEM SHORTS, BURN !
FMG Technical Analysis, page-11522
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Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45418 | $18.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |