well well well
51c lower than fridays close
down the arm she goes, towards the 14.00 I called, to complete the 6 monthly rounding top pattern
SHORTS in charge yet again
Interim top formed on 11-14 Feb around 22.80
My call of a 19-22 high in Feb spot on again, that was the exit point for ST traders
18.50 -19.00-19.50 didnt hold, bearish factor
SP ignoring the IOP of 130, bearish factor
topout pattern formed, berarish pattern
no debt reductions despite IOP elevated
May go back down to 14.00 triple bottom at this rate
SHORTS are ever present here, they are eyeing off 14.00 for sure now
My call last year of a run from 14 to 19-22 by Februrary highs, SPOT ON!
shoulda taken the money at 26 & 22 toombs.
14.00 showed strong support 3 times before.
I will wait to see where the flooring pattern appears till then dont catch the falling knife.
Trading rule 6
Dont buy on the way down, you dont know where the bottom will be, buy on the stable flooring pattern which will be boringly obvious, wait for the knife to wedge into the floor.
FMG Technical Analysis, page-8240
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Last
$20.46 |
Change
-0.015(0.07%) |
Mkt cap ! $62.98B | |||
| Open | High | Low | Value | Volume |
| $20.20 | $20.47 | $20.16 | $33.52M | 1.653M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2177 | $20.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.46 | 5338 | 16 |
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| Last trade - 10.58am 16/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |