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
$14.69 |
Change
-0.080(0.54%) |
Mkt cap ! $45.22B | |||
| Open | High | Low | Value | Volume |
| $14.72 | $14.93 | $14.56 | $241.4M | 15.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37944 | $14.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.70 | 68 | 1 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| FMG (ASX) Chart |