I'd like to claim myself a chartist, if I am a shorter I will do short covering anytime now. I can see a ABC corrective pattern since 2021 and there are 5 waves down on a hourly chart since March so I am not expected it will go down much further. If I look at BHP and RIO charts and draw horizontal lines I can see they are approaching their important supports. Of course, there are many other greedy shorters who may not agree and wants to short it down more, good luck to them.
FMG Technical Analysis, page-6418
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |