my 2 cents on the FEX chart:
has now touched what I see as the bottom trend of the channel, rsi indicating oversold territory. The downside is the red volume increasing over the past couple of days. noticeable support at 28.5c area. heikin ashi candles aren't providing evidence of a reversal just yet will need to see the next couple of days. Probably an unwarranted sell down given iron ore price was actually up overnight however is now around the 165 mark. have been building a position at todays levels.
management hedging the IO price is a derisking factor and is a smart move.
Chart, page-1193
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Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $232.6M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.5¢ | 32.5¢ | $55.88K | 169.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 139122 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 152326 | 9 |
View Market Depth
| Last trade - 12.03pm 06/06/2024 (20 minute delay) ? |
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Last
34.0¢ |
Change
0.005 ( 4.62 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 34.0¢ | 33.0¢ | 204920 | ||
| Last updated 12.25pm 06/06/2024 ? | |||||
| FEX (ASX) Chart |