The trend is your friend, my friends
this trading looks to be in a solid up-trend to me.
very dangerous to try and pick tops and bottoms on such a rapidly growing stock like this
I have no-doubt the same technical indicators would have suggested FMG looked overbought after jumping sharply from 25 to 55 (pre split) all those years ago.
Standing aside then and/or taking a profit certainly doesn’t look too clever now.
appreciate it’s very hard to buy after such rises, but the earlier investors in at much lower prices can be patient and give it plenty off time to breath now.
Chart, page-6
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 (20min delay)
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Last
55.5¢ |
Change
0.020(3.74%) |
Mkt cap ! $669.6M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 56.3¢ | 53.5¢ | $1.349M | 2.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6700 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 45596 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
55.0¢ |
Change
0.020 ( 1.35 %) |
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| Open | High | Low | Volume | ||
| 54.0¢ | 56.0¢ | 53.0¢ | 978339 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| WC8 (ASX) Chart |