Would like to buy more FMG - but hesitant...it's had its pullback to Support at 5.80, and bounced after Xmas....need to look more closely for subsequent pullback possibility. And as someone said, not all gaps are filled - it's complex, for those who do accept such things (gap analysis as a Trading Strategy)....
"There is an old saying that the market abhors a vacuum and all gaps will be filled. While this may have some merit for common and exhaustion gaps, holding positions waiting for breakout or runaway gaps to be filled can be devastating to your portfolio. Likewise, waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move."
http://stockcharts.com/school/doku.php?st=gaps&id=chart_school:chart_analysis:gaps_and_gap_analysis
Iron Ore Futures - WEEKLY (Continuous Contract) = ITI1!
Would like to buy more FMG - but hesitant...it's had its...
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Last
$21.41 |
Change
0.000(0.00%) |
Mkt cap ! $65.96B | |||
| Open | High | Low | Value | Volume |
| $21.49 | $21.56 | $21.32 | $15.51M | 714.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 971 | $21.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.42 | 1415 | 5 |
View Market Depth
| Last trade - 10.56am 01/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |