FMG 2.02% $25.70 fortescue ltd

FMG Technical Analysis, page-66

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    There you have it, the resistance at 600
    And in come the shorting sellers as usual with another expected false start pattern daily which gets sold down all day 600-593-589
    That crackdown 595-588 today was very vicious and high volume with ChiX at 585 now, so ASX will likely follow as longs get scared off while shorts run the table.

    On friday I said
    I personally would not buy at these higher levels unless IOP rockets to 100 like last time or the whole debt gets paid down as this is a dividend driven ramp... the easy money has been made here

    Looks headed back to 5.50 to finish the rounding top pattern on the monthly, could they really smash it that far, well look at the last year and the answer is yes, quite easily.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$25.70
Change
0.510(2.02%)
Mkt cap ! $79.12B
Open High Low Value Volume
$25.58 $25.78 $25.39 $142.8M 5.570M

Buyers (Bids)

No. Vol. Price($)
1 1 $25.63
 

Sellers (Offers)

Price($) Vol. No.
$25.75 3050 3
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$25.73
  Change
0.510 ( 2.20 %)
Open High Low Volume
$25.57 $25.78 $25.39 738887
Last updated 15.59pm 29/03/2024 ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.