remember the rules -
Trading Rule 3
Buy on the way up, never sell on the way up
as momentum builds there is good reason why its going up and may keep going up
as you never know when the top will be, if you sell too early, it may keep going UP UP UP and you are left behind (I know x 4)
Trading rule 4
sell on the way down after a defined topout or mountain top pattern
if you missed the top by 10% that is very good but if you lose 90% by holding all the way down believing its going back up, you will suffer & lose wealth ( I know this one too x 5)
Not enough evidence to suggest 20.00 is an interim top
on the contrary we are nowhere near February nor at 4 Jan & 22 Feb being the prior peaks last 2 years.
IOP normally spikes leading into Christmas & the chinese new year period.
Trading rule 10
Patience is a virtue, money changes hands from the impatient to the patient
FMG Technical Analysis, page-7970
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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 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |