FMG
Click for more information
3.42% $22.67 fortescue ltd

Hammer - IO Reversal ?

  1. Fozza
    725 Posts.
    lightbulb Created with Sketch. 60
    clock Created with Sketch.
    16/11/17
    20:32
    Post #: 28869584
    Any thoughts from the charting gurus out there ??

    "Hammer - This pattern is usually seen after a decline in the market and signals a bullish reversal of trend."

    Example

    hammer candlestick pattern at the end of downtrend.jpg

    IO Futures Chart - Weekly

    Capture.JPG
    FMG Price at posting: $4.64 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

LRV Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%
right-arrow Created with Sketch.
A1M Swagman shoot proves plentiful for AIC, with Cu beyond 3% close to Eloise
right-arrow Created with Sketch.
NEWS Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom
right-arrow Created with Sketch.
NEWS Finding properties tenants will want to rent
right-arrow Created with Sketch.
NEWS Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker
right-arrow Created with Sketch.
ALK Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26
right-arrow Created with Sketch.
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$22.67 		Change
0.750(3.42%) 		Mkt cap ! $67.49B
Open High Low Value Volume
$22.38 $22.73 $22.26 $61.02M 2.709M

Buyers (Bids)

No. Vol. Price($)
11 6718 $22.66
 

Sellers (Offers)

Price($) Vol. No.
$22.67 3739 10
View Market Depth
Last trade - 12.04pm 04/07/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.