fair enough FA not TA..maybe u need to look at some SA? stat analysis...
u say..
"and yet BHP and RIO are also going down. Its not just FMG so it's a matter of hanging on until the swing goes back up "
of course they are as Iron ore going down....rightly or wrongly...perhaps its justified ( v much doubt it)...but FMG has for years and years tracked RIO and BHP...till recently...
point being...perhaps...the risk on FMG downside is MORE than hills and RIO...given recent dislocation ?
Just a thought..as have watched for years and tears...but thibngs do change...but then again...RIO itself looks WAY overs verse its London listed line at 25% premium?..and Iron Ore in China is breaking impt levels...
Each to thei own..and a mkt is a mkt...but worth looking at forst pic...FMG , jstifiable or not...for some reason...dislocated from RIO, BHP...so...which one has more downside risk???
fair enough FA not TA..maybe u need to look at some SA? stat...
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Last
$23.20 |
Change
-0.220(0.94%) |
Mkt cap ! $71.43B | |||
| Open | High | Low | Value | Volume |
| $23.46 | $23.49 | $23.04 | $104.4M | 4.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18833 | $23.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.20 | 6082 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$23.24 |
Change
-0.220 ( 0.46 %) |
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| Open | High | Low | Volume | ||
| $23.47 | $23.49 | $23.04 | 1188146 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| FMG (ASX) Chart |