Samboy, you are over analyses TA. Looking at day to day candle doesn't tell you anything. Have a look at the SP graph from late June and you will see a clear trend..... UP!
The daily up and down of FMG I see that with most of my other stocks as well.
SP is just consolidating around $6 mark, today was a gift to buy below $5.70.
SP goes down doesn't mean it's weak, it's just some garbage some people say when they have no idea why it goes down. Lately I have not seen a STRONGER SP action from FMG for the last 12 months, SP basically found a lot of support even when IO Future dropped more than 11% last week, in the past, SP would fall 15% by now, but we've seen SP barely moved after a week of heavy selling at IO Future.
The Banks/Funds are long FMG now, they will try to suck in as many share as they can below $6 before SP pop and run past $6.50. I see $6.50 more likely than $5.50.
DYOR.
Frank.
FMG Technical Analysis, page-92
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 (20min delay)
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Last
$23.28 |
Change
0.080(0.34%) |
Mkt cap ! $71.41B | |||
| Open | High | Low | Value | Volume |
| $23.08 | $23.30 | $22.94 | $24.82M | 1.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 7001 | $23.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.29 | 1247 | 12 |
View Market Depth
| Last trade - 11.34am 17/06/2024 (20 minute delay) ? |
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Last
$23.23 |
Change
0.080 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| $23.06 | $23.34 | $22.95 | 256550 | ||
| Last updated 11.55am 17/06/2024 ? | |||||
| FMG (ASX) Chart |
