I don’t fully agree with the comments made.
Here are a relatively large factors which from my experience have made an impact on the FMG share price apart of the ones mentioned by you:-market sentiment
- Dow Jones behavior
- “recommendations” provided by “prominent” brokers
- SP manipulation by large holders (big funds).
How can you explain that without any change in the fundamentals mentioned by you and a minor change in the IOP, the FMG SP for the past couple of weeks has dropped by over 10%?
At the same time looking at the chart, I can clear say that
- - there is a very strong resistance in the $21.5-$22 area
- - there is a very good support between $18.50 and $19.
The last 2 observations have been proven by the chart. So technical analysis even in this stock is also important too.
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Last
$17.51 |
Change
0.020(0.11%) |
Mkt cap ! $54.80B |
Open | High | Low | Value | Volume |
$17.56 | $17.84 | $17.43 | $51.82M | 2.935M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 11601 | $17.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.51 | 1926 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 4390 | 17.460 |
10 | 5635 | 17.450 |
11 | 7220 | 17.440 |
9 | 4489 | 17.430 |
9 | 6039 | 17.420 |
Price($) | Vol. | No. |
---|---|---|
17.470 | 1207 | 13 |
17.480 | 2436 | 12 |
17.490 | 6076 | 13 |
17.500 | 7181 | 9 |
17.510 | 15139 | 10 |
Last trade - 11.24am 18/09/2024 (20 minute delay) ? |
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FMG (ASX) Chart |