today another red candle after a false start open and L type daily chart
another lower open -15c
another red candle -9c
the lower close below the prior close -24c
another close below 21.80
again the 22 was broken down
SHORTS are in charge
the BULL TRAP has been springing
MY CALL in Feb was a 20-22 annual low, SPOT ON so far.
Its now plumbing around mid 21
I was derided and mocked but proven correct yet again.
However, a ledge has been found around 21.00 - 22.00 and tested a few times this month
Several daily tails have rebounded off 21.00 area back to mid 21s.
the CLIFF FACE has stopped and a floor found.
I still expect zigzagging till end July then rebound DCB in August then new lows in Sept/Oct as usual.
Support is building around this level but the SHORTS aint done yet and may try to break this ledge down like they did at 24.50 - 25.50 in March and April.
Shoulda taken the money in Feb and ran Toombs.
FMG Technical Analysis, page-11379
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Last
$21.59 |
Change
-0.270(1.24%) |
Mkt cap ! $66.47B | |||
| Open | High | Low | Value | Volume |
| $21.71 | $21.80 | $21.51 | $95.00M | 4.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7115 | $21.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.59 | 4291 | 2 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |