This is my first post in about 3 years.
I have been trading FMG in the past year.
Most of the hard work on FMG has been done and completed in the left side of the chart when it fell -46.98% from February to the September low of $15.88.
Since then, it has silently been working on another phase of price action. Consolidating and in preparation of an upside recovery, back up. Frustrating people in the near 4 month process.
I feel it is now ready to move North. And the first stop is going to be when it touches and successfully crosses that resistance line shown, which will put a 2 in front of the share price soon.
According to my chart experience, FMG will hit $23.08 in the coming 1-6 months.
People often have a go at Tomboy, but he or she is quite good at technical analysis.
BHP in the US is also at significant support and FSYGY (US) has bounced off the 22 EMA last night showing a green candle.
I feel all of BHP, FMG and RIO both Aus and US are ready to move North.
Seasonality, has been odd this year. But odd is good.
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 (20min delay)
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Last
$15.46 |
Change
0.530(3.55%) |
Mkt cap ! $47.60B | |||
| Open | High | Low | Value | Volume |
| $15.25 | $15.54 | $15.15 | $141.6M | 9.188M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $15.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.46 | 10590 | 5 |
View Market Depth
| Last trade - 16.21pm 27/06/2025 (20 minute delay) ? |
| FMG (ASX) Chart |