From the very superficial and quick glimpse of the chart, we seem to have entered the over bought territory on the weekly chart of FMG as well as touching a significant (or at least somewhat significant IMO) support point. Could be seen as a hopeful sign that a floor around this range may be presented with the two catalyst mentioned supporting this possibility. Of course, as mentioned, this is a very very "superficial and quick glimpse" of the charts as the price action catalysts of FMG are much more complex than just looking at the RSI. This is more for bringing awareness to something that i have identified that may be worth while to know.
WEEKLY
MONTHLY
Correlated with Iron Ore's long up trend over the past couple of years, will we see the continuation of the "higher lows" of the uptrend? Who knows (did not provide a comparison of Fe chart but you can look it up from around 2016 to see).
Of course, just to reiterate, FMG'S catalysts arent just exclusive to the charts however could be something worthwhile to look out for to make a more informed decision regarding how you spend your money.
Not Financial Advice.
From the very superficial and quick glimpse of the chart, we...
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |