My prediction, will fall to $4 based on TA (strong support at this level) between now and when the Fed Reserve will have reduced their cash rate by 50bp on Oct 28-29 & the RBA cash rate will have gone down 25bp - possibly 50bp tomorrow. This will add more liquidity in the money markets, TED spread will come down, default risk will be reduced and the sp will rally. Wait until it hits $4.
bought my first fortescue load today, page-45
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Last
$18.47 |
Change
-0.130(0.70%) |
Mkt cap ! $56.99B | |||
| Open | High | Low | Value | Volume |
| $18.38 | $18.54 | $18.33 | $71.46M | 3.882M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1232 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.47 | 1837 | 11 |
View Market Depth
| Last trade - 11.00am 07/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |