Another deadly false start pattern today typical of FMG in the past bear cycles.
opened strong then got shorted down twice all day
Red bar 4c wick 3c tail 2c body, very uninspiring and contradicts last weeks green bar patterns,
Looks like the shorters are back in the game to smash this down to under 5.00 yet again with their gains from 4.70, a peak has formed right here, and cant break that 5.37 prior interim top of 23 May so could be dangerous here. In fact it didnt get anywhere near the 5.37 top pettering out at 5.30.
Watching for either shorting attacks yet again back down to 5.00-4.70 or a smash of 5.37 on higher volume, but volume not impressive here. FMG should have smashed 5.37 today and held above but got shorted yet again and the tall poppys got cut yet again by these professional Instos.
Wait till August for a defined trend once the 6 month bear trend is broken for sure.
FMG Technical Analysis, page-16
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Last
$26.51 |
Change
-0.260(0.97%) |
Mkt cap ! $81.62B | |||
| Open | High | Low | Value | Volume |
| $26.85 | $26.89 | $26.48 | $41.85M | 1.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5950 | $26.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.52 | 2763 | 2 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$26.48 |
Change
-0.260 ( 1.07 %) |
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| Open | High | Low | Volume | ||
| $26.85 | $26.90 | $26.48 | 295094 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| FMG (ASX) Chart |