the red line seems to be historically important to FMG. In the past it has been a point of support and resistance and gaps have appeared where the SP blasted it's way across both up and down. chances are that yesterday may be a bottom. however one note of caution in that the word on the street is that lower iron ore prices are on the way so unless the SP can surpass the last peak we may see a head and shoulders formation down the track that could lead to a lower share price.
But i am putting it on my watch list and may have a dabble next week....
may be good for a trade
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Last
$25.32 |
Change
-0.730(2.80%) |
Mkt cap ! $77.95B | |||
| Open | High | Low | Value | Volume |
| $25.73 | $25.73 | $25.31 | $100.9M | 3.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11282 | $25.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.45 | 12103 | 4 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$25.38 |
Change
-0.730 ( 2.72 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.72 | $25.31 | 658322 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| FMG (ASX) Chart |