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.
![]()
- Forums
- ASX - By Stock
- FMG
- FMG Technical Analysis
FMG Technical Analysis, page-27
-
- There are more pages in this discussion • 11,310 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B |
Open | High | Low | Value | Volume |
$21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 93 | $21.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.41 | 12657 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 93 | 21.400 |
2 | 3150 | 21.350 |
1 | 200 | 21.330 |
2 | 1046 | 21.320 |
1 | 1000 | 21.310 |
Price($) | Vol. | No. |
---|---|---|
21.420 | 1200 | 1 |
21.450 | 1500 | 1 |
21.510 | 2020 | 1 |
21.520 | 951 | 1 |
21.530 | 1500 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online