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FMG Technical Analysis, page-124

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Maz12

805 Posts.

76

15/09/17

21:48

Post #: 27257736
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Originally posted by Samboy69 ↑

There it is, a beautiful monthly rounding top pattern 5.50-6.00-5.55
As I predicted last week a rapid smackdown 5.80-5.50 to the next support at 5.50

16c red bar 6c wick 1c tail, closing on daily lows as I said,
terrible candle at this point of the chart and very bearish cliff face formed downwards RHS.
shorted all day and even in the closing bell
the daily floor at 5.55-5.60 ended hitting back down to scrape the bottom

This sets up a crack at 5.50/5.40/5.20 for the next support levels for the ascendant shorters.
They are eyeing off that 4.65 annual low hole unless it can find support 4.80-5.50 somewhere

Looking at the chart annually, I wouldnt touch this with a barge pole right now, we have to see a solid floor less volatility and volume rising on rising SP but we see the exact opposite.
Dont catch the falling knife. How low will the cliff face go?

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Been meaning to ask for a while now, how much do you get paid per post?

FMG Price at posting: $5.55 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last $25.98		Change 0.170(0.66%)		Mkt cap ! $80.28B

Open	High	Low	Value	Volume
$26.07	$26.44	$25.85	$62.09M	2.379M

Buyers (Bids)

No.	Vol.	Price($)
1	424	$27.79

Sellers (Offers)

Price($)	Vol.	No.
$24.69	130889	17

View Market Depth

No.	Vol.	Price($)
34	4018	25.980
14	5414	25.970
7	2693	25.960
9	4170	25.950
7	1788	25.940

Price($)	Vol.	No.
25.990	4135	28
26.000	8972	18
26.010	4900	10
26.020	6817	8
26.030	3509	6

Last trade - 15.59pm 15/05/2024 (20 minute delay)


Last $25.98			Change 0.170 ( 0.48 %)
Open	High		Low	Volume
$26.06	$26.43		$25.85	551314
Last updated 15.59pm 15/05/2024 ?

FMG (ASX) Chart

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