Another green candle today
28c green body 1c neck 19c tail
meaning trading at daily highs with the daily lows were swept up easy and the SHORTS are BURNING.
21.50-22.00 resistance appearing, 21.50 clearing
my call last year of a retrace to 19-22 by Feb SPOT ON!
Now where will it go?
If this 21.50-22.50 cannot be cleared by 22-28 Feb then we might see a dropback exdivvy like last year.
Last year the peak was on 22 Feb
As bullish Feb is almost over, there is limited time left on this runup.
The IOP remains elevated and now the Year of the TIGER is HERE!
Yet if management blow the large cashflow again on high divvys, H gas, R&D instead of debt reductions, refinery, mills, mines, EV JVs and cost reduction plans then we will see the same pattern as last year.
The SHORTS are waiting and watching
Theyve been BURNT badly Nov - Feb so will make a concerted effort March -May imho to smash this lower from the highs. 2-3 weeks left to go on this runup.
Yet today & the last 3 months,
the SHORTS are BURNING
BURN them SHORTS!
Another green candle today 28c green body 1c neck 19c tail...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |