Each stock is different. Rules are not universal.
You are trying to pick a top. That is very difficult. I leave that for Soros.Sometimes if your rules dont apply its best to walk aay to another stock .
Only about 10% of this stock is not tightly held. The major players can support it and still make money. In Short the demand exceeds the supply because intitutions are underweight. In this enviroonmenmt such supporting practices work. One day t(may be soon) they will not.
There is genuine demant for FMG. Big orders came in before open to tempt sellers out but there were no sellers. In situations like this a scramble for the stock occurs. That is how I read the cause for todays price hike.
Each stock is different. Rules are not universal.You are trying...
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Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |