Massive drop & short operation exdiv
The BIG SHORT is here.
I called the double top 26.00 spot on and the drop away back to 20-22 spot on.
19.50 didnt hold, in fact opened below it.
Market realises the divy cash is holding up the SP and once thats gone it would be lower
Divy price ignored
IOP rise ignored.
bearish signals
annual rounding top pattern formed
i called a 15-18 area if 19.50 didnt hold so down the arm it goes on the head and shoulders pattern.
The obsession with high divy, high debt, black hole spending that doesnt decrease AISC or increase revenue is starting to affect SP valuation finally. If they lost cash with IOP at 2000 what about when its 140 now? Should have paid back the debt like I said, $4B is a large debt.
Shorts in charge in this hole.
Shoulda taken the money toombs.
FMG Technical Analysis, page-6980
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |