I called earlier today
"expect a close at 4.10 ish as the shorts cover and are wound back from the oversell"
closed at 4.11, almost spot on to the cent!
Final candle was a flatline higher red bar closing at yesterdays close with 5c body 1c wick & another long 7c wick. A U shape intraday chart again closing higher and forcing shorts to cover daily.
Those long wicks are killing the shorts.
The higher openings are sucking them into the bear trap and then closing down on them at days end.
The intraday shorting is being rejected and buyers & BB team going in and smashing them up.
Support confirmed today at 4.06-4.11
A monthly chart consolidation and flatline after the flooring V V V V pattern
Amazingly bullish pattern here, best we have seen for 14 months.
normal wave lengths are 70c from lows this year (was $1 - $1.30 in 2017)
3.60 + 0.70 = 4.30
the exact same resistance point 4.30 I picked months ago on here.
Expect a runup to 4.30 and then the real fight to begin, 4.30-4.65
Im betting Forrest & the BB team have some nasty surprises for those yankee shorters.
Burn them shorters!
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Last
$17.97 |
Change
0.710(4.11%) |
Mkt cap ! $55.32B |
Open | High | Low | Value | Volume |
$17.30 | $18.03 | $17.13 | $198.6M | 11.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | $17.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.98 | 24196 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | 17.950 |
1 | 34 | 17.940 |
2 | 200 | 17.920 |
1 | 100 | 17.910 |
3 | 3734 | 17.900 |
Price($) | Vol. | No. |
---|---|---|
17.980 | 24196 | 6 |
17.990 | 200 | 1 |
18.000 | 1934 | 6 |
18.010 | 200 | 1 |
18.020 | 2743 | 2 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |