today another red candle -4c
another long tail - 20c
longer than the neck 15c v 20c
another VL shape daily chart pattern
another unsupported neck line
once again going below the 21.50 pivot daily
20-21c area in end July may see the usual dead cat bounce (DCB) to sux in the BULLS in another BULL TRAP yet again just like they did the last 5 years straight till they short it to annual lows in Sept or Oct.
Can they short it to 19, the 2023 low?
My call of 20-22 from Feb was SPOT ON.
its now 21.60 still in that range.
Its already down 850c from the annual highs and likely going lower toward the lower end of that 20-22 area I correctly called as long ago as in February.
Temporary bump ups maybe DCB to get the BULLS trapped yet again.
Trading Rule 7
the colour of money is green, it doesnt love you back, don't be emotional with your money, be logical.
FMG Technical Analysis, page-11321
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |