wow there it is,
the long awaited capitulation flushout
lower green bar with lower open smashing the shorts all day with 14c rising green body, 5c tail and 2c wick.
A stunning reversal green candle below annual lows.
closed near annual lows of 4.26-4.30
daily chart shows the shorts were torched all day but those that held short overnight made a paltry 10c margin if they could catch it and risked the farm on it.
Annual chart shows this is a triple bounce off point of the annual lows
Normally this candle at 4 year lows in downtrend means a reversal bullish pattern especially in conjunction with that diminishing descending wedge pattern annually so looks like we are at some flooring pattern here.
bounce offs and 4.30 area has held 3rd time now but wait and see.
BHP and RIO at near 4 year highs yet FMG at 4 year lows with IO at U$68 & AISC at U$14 in divvy season, very surprising.
wow there it is, the long awaited capitulation flushout lower...
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Last
$18.87 |
Change
0.590(3.23%) |
Mkt cap ! $58.10B | |||
| Open | High | Low | Value | Volume |
| $18.86 | $18.90 | $18.44 | $375.1M | 19.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $18.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.88 | 3586 | 4 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |