A long red bar today 11c body, very damaging to the TA of FMG
Opened at highs and got smashed all day with a vicious selloff at opening 30 minutes 5.98-5.82-and another one at the closing 30 minutes 5.91-5.87 to end the arvo double rally
Looks like $6 was the shorters target and now bang bang sell sell as low as it will go.
Nice double top formed at 5.90
$5.50 is the shorters target to end the rounding top formation then $5 for the extended double rounding top.
May see more red as the shorters wont want to let FMG rebound onwards past $6 as that would be a bullrun confirmation pattern from the lows of 4.65 only 8 weeks ago.
Think like your a seller and not a buyer and you will know what is happening.
FMG Technical Analysis, page-56
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Last
$26.55 |
Change
0.230(0.87%) |
Mkt cap ! $81.73B | |||
| Open | High | Low | Value | Volume |
| $26.79 | $26.79 | $26.44 | $37.35M | 1.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2574 | $26.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.55 | 1260 | 18 |
View Market Depth
| Last trade - 12.17pm 07/05/2024 (20 minute delay) ? |
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Last
$26.61 |
Change
0.230 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| $26.76 | $26.79 | $26.44 | 228615 | ||
| Last updated 12.37pm 07/05/2024 ? | |||||
| FMG (ASX) Chart |