The top could be in
its on the way down
a few days ago I said start skimming and go free carry at these highs
I called 22-23 as the SELLZONE & top range
I also called early Jan may be the annual high like last 3 years in a row
Now its dropping away
IOP also dropped back to 120
If IOP drops further its a SELL signal
today a lower red doji hammer type candle with -2c body 4c neck and long 40c tail
daily chart a W and closed strong near the open but still way below the prior closes of 22.33/22.80
the hammer is a signal of a reversal pattern
however in a downtrend with long tail like that means many sellers/SHORTS pushed it down and the selling/SHORT frenzy may swamp the buyers yet the buyers kept it over 22.00.
Tmrw will be the tell.
If its another bearish candle and a long red tail, it maybe SELL time in the SELLZONE.
SHORTS are working hard here to burn us LONGS but the confirmation will be obvious.
BURN them SHORTS BURN or they will BURN us LONGS!
- Forums
- ASX - By Stock
- FMG
- FMG Technical Analysis
FMG Technical Analysis, page-8948
-
- There are more pages in this discussion • 2,562 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$18.31 |
Change
0.340(1.89%) |
Mkt cap ! $56.37B |
Open | High | Low | Value | Volume |
$18.09 | $18.32 | $18.06 | $115.9M | 6.367M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 273 | $18.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.32 | 9260 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 273 | 18.300 |
3 | 60132 | 18.290 |
4 | 25728 | 18.280 |
1 | 100 | 18.270 |
5 | 11679 | 18.260 |
Price($) | Vol. | No. |
---|---|---|
18.320 | 9260 | 4 |
18.330 | 93689 | 6 |
18.340 | 11450 | 1 |
18.350 | 6778 | 5 |
18.370 | 21747 | 4 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |