Nah I'm not convinced, Tomboy.
Nice fake out on the daily could have caught some bears today with the top of this congestion zone being breached but even if stops were hit, there was no follow through
Nice to see a green candle on even slightly increased volume. Would have preferred it to hold yesterday's open though. Hard to get bullish like that
Finally, while we might not have hit the bottom of that channel, we aren't exactly charging away from it, heading more east instead of north.
Perhaps the market awaits the expected Fed cut. It might be bad for our exchange rate but it would be a massive signal to the world to start building again.
FMG Technical Analysis, page-11563
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |