@Evolon
foolhardy and uneducated comment.
The Instos use the charts and software HFT programmes to determine buy/sell orders sometimes in nanoseconds but most times over months. They have designated TA specialists and warning programmes so you have NO idea what you are talking about.
Your view that the FMG stock price follows the IO price is incorrect, many times I traded on IO up days and FMG went down in a false start pattern led by the Insto shorters.
TODAY
a lower green bar, 2c tail 6c wick hit hard at open but intraday recovery x 2, looks a positive candlestick however we saw this go to 4.70-5.37-4.70 before in May so now its 4.70-5.21-5.14-X.
If the Instos sense weakness in the share price spike they will short it back to 4.70 however looks like there are some strong volume buyers now involved even on down days like today and volume is strong.
Still waiting for August for bear trend break confirmation, no rush.
FMG Technical Analysis, page-14
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Last
$21.71 |
Change
-0.190(0.87%) |
Mkt cap ! $66.84B | |||
| Open | High | Low | Value | Volume |
| $21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289875 | $21.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.72 | 95078 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |