FMG 1.39% $22.05 fortescue ltd

high volume 30mill last two days

  1. 1,766 Posts.
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    Alot of banter on some recent threads, nothing substantial. How about this to get the grey cells thinking... has anyone noted the last two days of volume? 10 Mill and over 20 Mill yesterday. 7days of falls ending with the 10mill trade day. 20 mill vol and FMG is up over a wide range of 7.47 and 6.92, closing higher than previous days close.
    If it opens above 6.95 tomorrow and holds it, very good chance it will bounce, as its long overdue looking at FMG's previous trading patterns... accumulation happening IMHO...haven't seen that 20 MILL vol for a long time!

    Could be announcement around the corner. ;) anybody wanna guess at a potential bounce this time? Did some maths and it was roughly 18% and 11% respectively last two times.... ;)
    FMG looking good from short term trade and of course, long term, into the May FOO delivery! Happy Investing/ trading.
 
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Last
$22.05
Change
-0.310(1.39%)
Mkt cap ! $68.06B
Open High Low Value Volume
$22.32 $22.41 $21.98 $130.7M 5.889M

Buyers (Bids)

No. Vol. Price($)
34 5861 $22.04
 

Sellers (Offers)

Price($) Vol. No.
$22.05 3795 30
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Last trade - 15.46pm 18/07/2024 (20 minute delay) ?
FMG (ASX) Chart
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