maggarre,
br8 up = break up, ie a fast rise in price.
uptrending triangle= a chart pattern that looks much like a triangle (formed over a couple to a few weeks), that usually precedes a fast rise in price.
Formed when buyers are increasingly eager to pay up with increasing lows. Sellers (over a few weeks) occasionaly get their top price.
Close to apex of triangle bueyrs (wishing to buy at recent lows) meet those sellers hanging out for best price. At the break sellers realise they can get more than they imagined possible (typical of fmg) and buyers feel stock is running away from them. Hence fast rise in price.
There is a lot of psychology behing charting patterns. No its not voodoo.
maggarre,br8 up = break up, ie a fast rise in price.uptrending...
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |