In samboys lingo thats -
a higher green bar with 4c body & 2c tail and 3c wick
Again cracking out of this range supported by stronger IOP gone to 70.
Dec/Jan are seasonally bullish for FMG SP, usually annual highs in Late Jan/mid Feb
So should see a break to 4.30-4.65 and has to break above 4.65 by end jan to reconnect its former annual lows and create support there. Cant see $500M BB being for nothing.
If not may see that $500M being doubled up again next year to deplete short holders equity.
FMG should be at 6.00+ on fundamentals right now
The shorters are going to BURN..
BURN THEM SHORTS
In samboys lingo thats - a higher green bar with 4c body & 2c...
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |