As an update from my previous post:
After the small run early November, the SP broke the support pushing it up. This created an even better re-entry point than previously thought.
The first goal of a 20% gain from October 31st is still on track for February 1st. Although SP is directly touching down trend resistance. If this resistance is broken expect a strong rally north. Already attempted once, very possible that Monday's opening pushes it through.
If resistance isn't broken, we could see a good re-entry point to top up holdings.
If the first goal is met, I don't see FMG slowing down much before reaching the second goal of 50% gain by May (from October 31st) except at resistance levels at $6.00.
DYOR
TT.
As an update from my previous post: After the small run early...
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Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |