OK bullish close after the usual false start pattern
Mainly driven by the rising IO price Dalian 480 to 496 to 487 yuan up 2% to $71UST but sharp drop away at end.
A hold above 5.20-5.30 is at the plateau of the rounding top pattern and break the prior interim top at 5.37, so must hold and break out of this pattern to show a reversal of the bear trend and confirm a bull trend since 26 June rather than a rounding top false rise pattern in a 6 month bear trend thus far.
Note- last time IOP was at $71 FMG SP was $6.20 but its $5.20 instead a whole $1 less. So either the market doesnt believe this will stay here and is a false rise or FMG has disconnected from the IO price on some other reasons such as large short interest.
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Last
$15.28 |
Change
-0.180(1.16%) |
Mkt cap ! $47.04B | |||
| Open | High | Low | Value | Volume |
| $15.30 | $15.38 | $15.05 | $91.26M | 5.994M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 100130 | $15.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.28 | 4917 | 1 |
View Market Depth
| Last trade - 16.19pm 30/06/2025 (20 minute delay) ? |
| FMG (ASX) Chart |