FMG 0.87% $21.71 fortescue ltd

FMG Technical Analysis, page-11148

  1. 2,676 Posts.
    lightbulb Created with Sketch. 59
    Hi Dex.
    I do agree, the chart movements and volumes are an insight to the minds of the people that are the market.
    Humans have repeatable traits.
    Hence a whole industry has grown around TA.

    Gaps are my favorite chart item I like to watch.
    Some companies' movement closes gaps within days, some months later. In varying ways, maybe a normal down trend or something as spectacular as a small day candle with an extremally long lower wick than the candle body that manages to just close a long past gap.

    I do place more trust on a Friday/Monday gap being closed.

    No not all gaps get closed. Especially in a company that has or is going through a re-rate, such as FMG has had recently and likely to again shortly.
    DEG left a few gaps sub 10 cents after a re-rate to around $1.30 now.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
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
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.