6-10 dats to cover, so definitely not a short squeeze risk with...

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Ronzo1010

1,124 Posts.

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31/05/25

10:45

Post #: 79261698
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Originally posted by tomboy: ↑

Yes I concur, IO is the future
cities & starships of steel as far as the eye can see, just look at star wars futuristic cities imagery.

You are missing the point
This is a TA thread
TA is telling you what the market is doing and thinking and logic & fundamentals are irrelevant

"The market can stay illogical longer than you can stay liquid"

The close at 15.39 is BELOW 15.50 support
lower low not seen since 23 April
so the SHORTS want to take out 1500 looks like

I have said on here FMG should not be below 21 imho but yet here it is.

SHORTS in charge and there aint nothing you can do about it atm
Be patient and wait for the lows & the flooring pattern
It will arrive & it will be boringly obvious with NO interest.
It arrives every year.

Remember =
Trading Rule 4
The trend is your friend
Dont fight the trend, go with it
The herd is stronger than the lone wolf, it can break you easily

Expand

6-10 dats to cover, so definitely not a short squeeze risk with current daily volumes.

Also, a recent bump in the road....

https://www.google.com/amp/s/www.bbc.com/news/articles/cy0k5x21y35o.amp

FMG Price at posting: $15.39 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $15.66		Change -0.060(0.38%)		Mkt cap ! $48.21B

Open	High	Low	Value	Volume
$15.71	$15.92	$15.55	$99.34M	6.319M

Buyers (Bids)

No.	Vol.	Price($)
1	400	$15.64

Sellers (Offers)

Price($)	Vol.	No.
$15.66	26306	4

View Market Depth

No.	Vol.	Price($)
1	400	15.640
1	8000	15.620
5	7372	15.600
3	1350	15.580
7	19585	15.570

Price($)	Vol.	No.
15.660	14656	2
15.670	8473	2
15.680	38425	4
15.690	46143	3
15.700	40560	5

Last trade - 16.10pm 17/06/2025 (20 minute delay)

FMG (ASX) Chart

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