By 11am all institutions are pretty well done with the orders from last night. Then the market forces actually take over.
There is also share swapping between institutions and Bots looking to clean up cheap stock till 1pm.
These are things understood by sophisticated investers.
I tipped $6.96 high today then a pull back to $6.91 close today. This will burn a lot of shorters by the way.
You can ask anything you like, many nice people in this community. As always a few bad eggs but you need them to keep everyone on their toes.
Happy investing.
Ashley
Iron Ore Price, page-17893
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 (20min delay)
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20914 | $22.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.50 | 6164 | 2 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |