what the heck do you mean by "it would have started an uptrend"?!
I called the uptrend rebound as a buy since the double bottom of 3.60 back in Sept/Oct.
And I called a run to 4.30 which shouldnt hold then a run at 4,65 resistance then a breakout to 5.30.
today yet another bullish long green higher candle with 9c green higher body & 3c wick and no tail
several in a row, a clear confirmation of the uptrend & breakdown of the prior 3 year bear trend that got smashed in October.
The zigzag V V V V pattern Sept-Nov was the proof for the TA experts with higher highs and higher lows
Look at the chart the last few days, straight up!
Short are being burnt to a crisp, those holding short at 4.30 are out and those at 4.65 are liekly delling or have done so, so the remaining shorts since 6-7 are the troublemakers as they have a margin to protect and they have large gains thus far but these are evaporating fast!
The BB team is onto them daily
the yankee shorters like Chanos are sweating and covering now.
Short covering in full swing
When the shorts realise another BB of $500M is incoming this year and FMG FCF is booming and their shorts are becoming losers, they will all cover and go long and the FMG price will go to market price finally.
BURN them SHORTS!
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Last
$22.04 |
Change
0.180(0.82%) |
Mkt cap ! $67.84B |
Open | High | Low | Value | Volume |
$21.92 | $22.11 | $21.85 | $79.25M | 3.488M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 4731 | $22.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.04 | 3480 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 3242 | 22.030 |
14 | 4348 | 22.020 |
14 | 2914 | 22.010 |
32 | 31439 | 22.000 |
8 | 3060 | 21.990 |
Price($) | Vol. | No. |
---|---|---|
22.040 | 575 | 8 |
22.050 | 3282 | 15 |
22.060 | 3131 | 14 |
22.070 | 1912 | 9 |
22.080 | 2905 | 11 |
Last trade - 11.02am 20/06/2024 (20 minute delay) ? |
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Shanthar Pathmanathan, MD
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