double top on daily chart at 4.30
thats the 70c retracement point from 3.60 lows (4 yearly lows)
couldnt break this pivot 2 days in a row.
4 monthly chart is a U shape now to complete the rounding pattern at 4.30
last few times its been a 70c rebound and then went down 70-100c below the start point.
So the shorting yankee INSTOs cant do this anymore with the BB team & AF buying $15M stock on hand.
Expect a real fist fight 4.30.
BB team can really cram them at these 4 year lows.
last time at 4.30 support, it went to 5.00 annual highs on the way up which we now know was a suckers rally.
Do another $500M buyback I say.
Reducing equity was a genius move.
The shorts are under pressure, their sells at 4.30, 4.65 4.95 are getting compressed/squeezed.
BURN THEM SHORTS!
double top on daily chart at 4.30 thats the 70c retracement...
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |