Your trend line doesn't make any sense, are you just drawing 2 lines and called that trend lines?
Are you wishing that the history can repeat itself and turn your blind eye on anything that is happening around the world?
What you got in 2006 was a bubble, FMG was a startup with high cost and high debt even I wouldn't touch no matter how big the potential is. Now it's one of the lowest cost producer, most profitable company on the PLANET. If you are so blind to acknowledge that then have a closer look at the chart since Tuesday, you will see the new trend line and it's scraedly bullish.
I used to trade FMG almost daily before the Q report. Then Q report came out, I just buy and hold and enjoy this ride.
DYOR.
Frank.
Iron Ore Price, page-18001
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |