well well well
there it is finally,
a small green candle +8c after another lower open -27c with long neck 33c and 14c tail
meaning the lower open was reversed and the SHORTS then reversed it down again
an VL type daily chart
looks like these biannual lows are showing support and reversal candles
SHORTS not making much here
My prior low call of 20-22 was out done, the shorts looked at 17.50-19.50 and now its in that zone.
Might be a bottom annual formed here, BUYZONE signals appearing again
Some might risk a BUY here
August frolics of a fake rebound to 24 may be worth a punt but its a risk.
Trading rule 1
buy low sell high
FMG is at lows, was at highs at 29 when I called sell.
buy on a defined uptrend, not there yet though. wait for confirmation.
HOLD sentiment.
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FMG Technical Analysis, page-11443
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Last
$18.40 |
Change
-0.350(1.87%) |
Mkt cap ! $56.65B |
Open | High | Low | Value | Volume |
$18.40 | $18.81 | $18.26 | $189.7M | 10.27M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12941 | $18.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.41 | 1940 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12941 | 18.400 |
4 | 41533 | 18.390 |
5 | 22004 | 18.380 |
1 | 1000 | 18.370 |
4 | 5563 | 18.360 |
Price($) | Vol. | No. |
---|---|---|
18.420 | 3150 | 2 |
18.430 | 200 | 1 |
18.440 | 1251 | 2 |
18.460 | 500 | 1 |
18.480 | 42197 | 3 |
Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |