FMG 0.87% $21.71 fortescue ltd

FMG Technical Analysis, page-10903

  1. 3,774 Posts.
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    Slight improvement in the SGX April Contract today, from $107.25 to $107.45 at the close (not reflected in the graph, which is just to the 11th). Let's see if the IO price stabalises from here.

    NB If someone's sentiment is sell, and their diclosure is not held, it generally means they are short, which is ironic.

    Why? Well, in that case, the sentiment is inaccurate, as they really intend to buy- just at a lower level- to cover. The disclosure "not held" is also dubious, as they in fact have borrowed shares and so in that sense are the holder (even though they have sold them forward) as they still have to return them to the original owner.

    An accurate disclosure for a shorter would therefore be Sentiment: Buy Position: Held. But that will never happen!

    https://hotcopper.com.au/data/attachments/6025/6025979-c946e824a9e01e0d264faa5cf4d813ea.jpg
    Last edited by jhunt: 12/03/24
 
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Last
$21.71
Change
-0.190(0.87%)
Mkt cap ! $66.84B
Open High Low Value Volume
$21.77 $21.80 $21.34 $408.6M 18.51M

Buyers (Bids)

No. Vol. Price($)
2 289875 $21.68
 

Sellers (Offers)

Price($) Vol. No.
$21.72 95078 4
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
FMG (ASX) Chart
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