Amazing what high USD is doing to Commodity Stocks. Very hard to trade commodity stocks ATM. This remind me of what happened December last year.
Give SP a few more days, USD can't go up forever and at some stage there will be profit taking like last rate rise last year, only this time around IO is US$80 and FMG's C1 Cost is US$13.
Once the sentiment turned we will see SP fly up again. Great time to top up if you want.
DYOR.
Frank.
Amazing what high USD is doing to Commodity Stocks. Very hard to...
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Last
$18.18 |
Change
-0.090(0.49%) |
Mkt cap ! $55.97B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $200.9M | 11.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6678 | $18.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.19 | 70000 | 3 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |