CK, fastrade, Super S,
Looking at the 5 year chart i see 4 huge spikes in volume
1st being Jan 2011 $6.63 volume 185 million looks like distribution at the top
2nd being Sep 2012 $2.97 volume 72 million looks like accumulation at the bottom
3rd being Nov 2013 $5.46 volume 124 million looks like distribution at the top
4th being Jan 2015 $2.23 volume 80 million looks like accumulation at the bottom ????
Knowing Fortescue is heavily manipulated, the hedge funds want retail investors to act in a certain way, They will use their media brigade to push retail investors to buy at the latter stages of the SP rally as the hedge funds distribute. (Jan 2011, Nov 2013)
The manipulators want retail investors to sell into the market bottoms and early bull rallies when the manipulators (hedge funds, investment banks) are accumulating and again will use their vested interests in the media to pump out opposing stories (Sep 2012, Jan 2015)
What are your thoughts on the above ???
History repeating......China rate cut, Euro QE, CNY approaching ?
FMG Quarterly, page-129
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Last
$19.98 |
Change
-0.160(0.79%) |
Mkt cap ! $61.51B | |||
| Open | High | Low | Value | Volume |
| $20.33 | $20.39 | $19.95 | $158.1M | 7.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5999 | $19.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.02 | 555 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |