Obviously the SP and IOP are correlated and hence my view applies to the iron ore as well. The rise has been too quick too soon. the market has been valuing FMG based on the sole presumption that the iron ore price will continue to go up, but thefact is totally opposite. Iop has reached its peak. I see a correction in both FMG and the IOP which will be follwed by a slow and smooth sail upwards.
Obviously the SP and IOP are correlated and hence my view...
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.02B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |