Finally, a close above the dreaded 5.37 triple top point and also a flattening out of the rounding top pattern & exceeding it. Bullish signals.
Plus today a higher green long bar breaking that 5.37 point 11c body, 3c tail 6c wick with double the volume of the last few days meaning another bullish signal as if the 5.37 point didnt exist.
All the good and bad news selloffs have been reversed with this signal today.
Could this be the turning point as we havent seen it this high since 17 April over 3 months ago when it was in a downward bearish spiral. Those June intraday selldowns to 4.55 are looking like a bottom point for the start of a new bull run in FMG. The buying was quite strong in large volume today very surprisingly & those shorts got massacred! GOOD!
Still I'll wait till August for confirmation.
FMG Technical Analysis, page-53
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Last
$21.90 |
Change
0.040(0.18%) |
Mkt cap ! $67.42B | |||
| Open | High | Low | Value | Volume |
| $21.92 | $22.11 | $21.82 | $224.3M | 10.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3932 | $21.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.90 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |