in your Mandelbroth way of thinking, wave 1 from all time low retraced at the 76.8 fib, maybe the larger cycle wave 2 will provide the same terminus, that is why I think the trendline we struck yesterday will be broken, sentiment is shaky in FML & Gold & the markets look due for a corrective, they are the reasons I think it will break;
3.8c = 76.8 of total run since all time low. I think DB are playing macroeconomics, they may or may not have had a whiff of our cost issue, they would certainly have a better handle on world economic direction, commodity prices & the natural association of the AUD, could be they're waiting for a capitulation of sorts before they re-enter the market. maybe they want to see the AUD back at +-80c?
CW did FML give any indication on whether they intend to make a clarification statement or give an explanation to you of why the change in accounting practices has resulted in such a huge cost jump (aside from the extra digging)
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60148 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 14983 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60148 | 0.135 |
3 | 90732 | 0.130 |
4 | 118328 | 0.125 |
2 | 12000 | 0.120 |
1 | 1000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 14983 | 1 |
0.145 | 39928 | 3 |
0.150 | 54554 | 2 |
0.155 | 6500 | 1 |
0.160 | 107300 | 2 |
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