FMG loks to me that it could get back to $4.30 before the dividend and then work its way down to $4 and mabe $3.95 after the dividend sell off.
If you are looking for a good ride over the next few months take a look over at the CPV Chart thread, a bagger by Christmas we reckon.
FMG is in a falling wedge chart pattern and I think it will hold this level before the dividend, afterwards then $4 seems obvious.
I will post a Chart on the FMG TA thread as soon as I can get tinypic.com hosting site to get back online.
Ann: Media Release FY18 Results, page-131
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Last
$19.91 |
Change
-0.560(2.74%) |
Mkt cap ! $61.30B | |||
| Open | High | Low | Value | Volume |
| $20.75 | $20.75 | $19.86 | $232.1M | 11.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 119100 | $19.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.93 | 30 | 1 |
View Market Depth
| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |