Very interesting price action especially in October sell off! FMG held valuation right through that volatile months. Bearish trend has been intact for 2 years but I can see now that the August reversal is having much more conviction rather than dead cat bounces to the upper trendline rejections. The yellow arrow denotes that initially it was playing into the same price action BUT the August low held and was not even tested before a mid range reversal and now attacking that trendline once more.
4.17 resistance is 'breaking' but signs are emerging for that perceived trendline break and the RSI is now trying to break out of that neutral level. Looks good to me from here on.
FMG Technical Analysis, page-2303
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |