FMG 2.64% $17.70 fortescue ltd

SHORTS in charge closed at daily lows log red candle -50c no...

  1. 9,933 Posts.
    lightbulb Created with Sketch. 4293
    SHORTS in charge
    closed at daily lows
    log red candle -50c no tail small neck

    went below that 18.00 pivot and looking at 17.00 again
    support level being tested yet again

    I expect them to hold but we will see
    i didnt expect this to go below 19-20 but it has yet with FMG nothing should surprise.

    They have to focus on the core business not airy fairy gas stuff with $Bs in capex with no revenue.

    Next few days will be a test and see if it can recover back
    But CRASH SEASON has started Sept Oct though,
    last year the low was on 8 Sept, year before this was 31 Oct.
    So far this year the low was 15 August at 16.82 close, will this get tested again?

    When will the low be this year?
    29 to 17 is a big drop so SHORTS should have had enough profits I would have thought.

    HATING ON SHORTS.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$17.70
Change
-0.480(2.64%)
Mkt cap ! $54.49B
Open High Low Value Volume
$18.20 $18.25 $17.70 $231.4M 12.88M

Buyers (Bids)

No. Vol. Price($)
6 90028 $17.69
 

Sellers (Offers)

Price($) Vol. No.
$17.71 12000 1
View Market Depth
Last trade - 16.10pm 03/09/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.