FMG certainly has been sold down, but so has big brother BHP much the same way. Metals are not in favour.
Just about 7 cents above the 150 day sma (pink line), which is usually supportive of FMG. --but note, BHP fell through it so no guarantees.
Stochastic is oversold from where rallies happen, but may also trawl along the bottom indefinitely as price goes sideways or lower.
Better for stoch to be here than overbought of course.
Weekly stoch not so bullish, at half-mast.
Next level of support is around $4.40
fortescue sell down, page-12
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Last
$19.41 |
Change
0.420(2.21%) |
Mkt cap ! $59.76B | |||
| Open | High | Low | Value | Volume |
| $19.19 | $19.55 | $19.10 | $98.59M | 5.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32185 | $19.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.43 | 946 | 2 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |