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.
Higher open got smashed in morning but arvo hold was strong....
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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 |