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
$20.14 |
Change
-1.180(5.53%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.02 | $262.9M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $20.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |