There’s a long list of reasons both FA and TA.
FA - decreasing price for their product. Decreasing demand. Trade war between USA and China. Didn’t decrease their debt. Reduced their dividend. New CEO + some people just don’t like women being in charge.
TA - support area of $4.50 breached. Look at the chart with price by volume. There’s basically no volume support for a long long way down.
I don’t want to put a dollar value on it cause holders will call me a down ramper but IMO it’s going much lower.
Don’t worry about my opinion too much tho, I’m often wrong and you’re probably way smarter than I.
Glta - hope people have a stop in somewhere
There’s a long list of reasons both FA and TA. FA - decreasing...
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Last
$18.29 |
Change
-1.260(6.45%) |
Mkt cap ! $56.62B | |||
| Open | High | Low | Value | Volume |
| $18.76 | $18.85 | $18.19 | $185.0M | 9.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2226 | $18.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 4075 | 21 |
View Market Depth
| Last trade - 15.34pm 11/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |