today a Beautiful solid green bar 4.72-4.79 with smaller 4c green wick with strong volume following on from a beautiful dragonfly doji yesterday, also with strong volume.
Buyers are beating the sellers last 2 days in FMG and the false start shorting pattern is nowhere to be seen,
Has the FIRM decided to go long and cover their shorts as they cant break 4.55/4.70 (tried and failed yesterday)
Any close above 4.77 is bullish short term.
I however called a bottom out at 3.00-4,50 so doesn't seem that the FIRM can get it down there again like before, too much solid buying and the TA appears against it at this stage, so as FMG is in its 4th bear month and has hit resistance around 4.55-4.75 (now twice in a row - 15/5 & 8/6) in this bear cycle which appears to be flattening out to a flatline with mini spikeouts, then I wait for confirmation to end July.
Better to buy on the way up than catch a falling knife. Any TA guys around with comments or are you all members of the FIRM?
FMG Technical Analysis, page-2
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Last
$26.21 |
Change
-0.200(0.76%) |
Mkt cap ! $80.69B | |||
| Open | High | Low | Value | Volume |
| $26.60 | $26.64 | $26.19 | $64.30M | 2.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14022 | $26.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.23 | 16372 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$26.26 |
Change
-0.200 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| $26.61 | $26.64 | $26.19 | 392904 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| FMG (ASX) Chart |