It would be prudent to take some profits (and risk) off the table like you did with NAB (I also did same) to mitigate any downside. I still hold FMG as I like its future. This latest rally has been strong and on decent volume. It is a little early to tell BUT possible the low for FMG is in by my reckoning.
I expect US will come out with a lower CPI figure this week. Technicals are reasonable at present. I will certainly be topping up if FMG heads lower to the buy zone (<16.50) during the 'bear' cycle.
Good luck!
FMG Technical Analysis, page-8538
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Last
$22.00 |
Change
0.410(1.90%) |
Mkt cap ! $67.73B | |||
| Open | High | Low | Value | Volume |
| $21.93 | $22.09 | $21.58 | $138.1M | 6.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9247 | $21.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.00 | 3521 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |