Looks like head and shoulders action to me from the chart.
Back on the way to $2.70 IMO. Which matches all the broker valuations when it was at more than $3.50.
Atlas Iron has been going down lately also and the dont have high debt like FMG. THey are small time though. High Aussie Dollar is not helping mining stocks.
fortescue deal still likely, analyst, page-29
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |