What a call earlier today, spot on!
"close at daily highs 4.20+ will be TA bullish breakout pattern confirmation"
closed at 4.21 again as I called it.
Bullish breakout pattern in full view, clearing 4.30 this week will be the test, if its smashed through then 4.65 here we come.
I called the todays daily close & fridays spot on also,
Daily chart last 7 days bar 1 has been a shorters nightmare.
Long higher green bar with 12c body 1c tail and 1c wick, very bullish
So I have called 4.30 & 4.65 resistance.
I have called shorts being burned.
Gap closing to 4.30 -4.65 so shorts from here must cover/buy if not already.
4.30 is the 70c rebound point so I expect if this is another suckers rally that we will find out around 4.30-4.40 as that wont hold but my view is that its going to 4.65 and this is a technical & fundamental rerate rally right now.
I mean FMG should be at 6.00 right now on fundamentals and if these yankee short sellers werent here it could be. The BB should be increased from $500M to $1B and the free float sucked dry of these shorters by slashing the equity on hand. The BB has been a great decision thus far.
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Last
$18.22 |
Change
0.250(1.39%) |
Mkt cap ! $56.49B |
Open | High | Low | Value | Volume |
$18.11 | $18.40 | $18.10 | $65.14M | 3.565M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 5450 | $18.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.22 | 2236 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 4254 | 18.320 |
17 | 8111 | 18.310 |
27 | 19987 | 18.300 |
12 | 7860 | 18.290 |
7 | 5469 | 18.280 |
Price($) | Vol. | No. |
---|---|---|
18.330 | 3766 | 10 |
18.340 | 8604 | 19 |
18.350 | 11225 | 19 |
18.360 | 6898 | 11 |
18.370 | 18507 | 12 |
Last trade - 12.06pm 22/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |