shorts smashed the arvo
20.00 to 19.27
recovering into close to 19.37
shorts likely covering at close to make their 60c-70c gains
I guess they got lucky today.
For me 1 red candle does not a trend make
20.00 is a psychological barrier
Its christmas and the seasonal bull run aint nowhere near over till Feb as in the last 2 years.
I remember FMG Jan 1st week went up $2 in 2 days or 22 to 26 in 3 weeks from Dec 14 to 4 Jan
Then it retested the top on 22 Feb at 26
I am waiting to 4 Jan to see if a topout formation starts being created.
14 to 20 was a good runup and a christmas grinch smackdown is unlikely unless you are AF.
Wait to see 4 Jan imho
FMG Technical Analysis, page-7964
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Last
$18.88 |
Change
-0.210(1.10%) |
Mkt cap ! $58.13B | |||
| Open | High | Low | Value | Volume |
| $19.25 | $19.26 | $18.80 | $114.8M | 6.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2485 | $18.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.91 | 185 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |