Higher open got smashed in morning but arvo hold was strong.
Close at 4.00 at TA & psychological pivot
The monthly chart looks like todays daily chart.
We are seeing a classic flooring and rebound pattern here
Since the double bottom at 3.60 the run to 4.30 was the 70c runup and then the retesting consolidation at 3.80-4.30
So its a higher low formed and needs to clear 4.30 to set the TA charts ablaze.
The 4.00 hold is also important for a friday weekend close.
Dec/Jan is seasonally bullish for FMG & IOP with highs forming by February
so expect a run to 4.65 by then imho
Expect Trump & Xie to do a deal, its business after all, not personal.
FMG Technical Analysis, page-2215
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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 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |