As I called in February, 4.65 is the annual lows and would bounce off, had a few days below that and now back above this technical support point. We saw strong support around 4.65 for last 2 years now
pivot points have been 4.65 - 5.00 -5.50 - 6.00
Those waiting for below 4.30 have missed the boat
shorts have joined the buying and will ride this up to divvy time early Feb and then sell it back down again unless something unexpected happens.
They should put more cashflow into debt reduction and less into dividends in Feb as the last divvy will not be beaten again for some years imho.
Once debt free we will see FMG smashing higher with dividends increasing, share buybacks and forays into diversification into other metals.
FMG - respected support, now for the grind higher, page-21
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |