a doji candle today at monthly highs near daily lows with long neck and short tail
worrying candle here after those 3 green candles.
Its simpe irynka, the IOP is not 220 its 115, the chart trends from the last 4 years are likely to repeat again as the shorts & INSTOs on here are SO PREDICTABLE.
The annual triple top at 22 is a signal
We have now seen a lower high (22.50 21.80 21.44 now 19.00 struggling) and lower lows (19.70 18.00 17.00), a bear trend.
Also the last year drop from 26 in July to 14 in Oct was a sharp cliff face, if we see the same again we will see 10.00 but I dont think it can go that low unless china sanctions FMG IO yet when the taiwan war starts IOP should boom higher due to supply blockages & sanctions which the chinese have been preparing for for a while now.
The good news is I cannot see Aust blocking IO to china as this would lead to a depression in Australia nor vice versa chine will never block Oz IO even in the upcoming inevitable taiwan war.
Taiwan war is good for FMG SP imho.
Beware the BULL TRAP here & now.
Wait till the taiwan war breaks out or 1 november imho.
a doji candle today at monthly highs near daily lows with long...
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Last
$16.82 |
Change
-0.500(2.89%) |
Mkt cap ! $51.78B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.81 | $252.2M | 14.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13676 | $16.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.83 | 350 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |