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.
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Last
$26.77 |
Change
-0.220(0.82%) |
Mkt cap ! $82.42B |
Open | High | Low | Value | Volume |
$26.70 | $26.82 | $26.48 | $81.59M | 3.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1694 | $26.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.77 | 15336 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5374 | 26.700 |
1 | 33 | 26.680 |
1 | 40 | 26.660 |
1 | 1200 | 26.650 |
2 | 1500 | 26.600 |
Price($) | Vol. | No. |
---|---|---|
26.780 | 1000 | 1 |
26.800 | 1000 | 1 |
26.810 | 9191 | 1 |
26.930 | 650 | 1 |
26.990 | 1200 | 2 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$26.79 |
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Change
-0.220 ( 0.59 %) |
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Open | High | Low | Volume | ||
$26.70 | $26.81 | $26.48 | 685458 | ||
Last updated 15.59pm 24/05/2024 ? |
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FMG (ASX) Chart |