Who said one should based on market depth.....clearly I said in my opinion it’s not going anywhere until the buyers depth improves significantly which it started to do this afternoon - until then it’d struggle as it has the last few weeks because there’s usually been almost 2 shares for the sell for every 1 buy.
Doesn’t mean it can’t go up obviously and yes it can change very quickly I agree but overall market depth does play an important role in my opinion on potentially where a stock is heading short term.
FMG - respected support, now for the grind higher, page-17
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 (20min delay)
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Last
$19.00 |
Change
-0.170(0.89%) |
Mkt cap ! $58.74B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.17 | $18.92 | $42.46M | 2.182M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 390 | $19.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.01 | 508 | 3 |
View Market Depth
| Last trade - 11.22am 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |