I think a run to 2.00 is possible from here now. The drop to 1.80 was a bit excessive and may have been an over reaction to what's happening in the Chinese markets (Shanghai Comp).
Good to see a nice strong candlestick form today, signals a nice reversal. May continue for a couple days until the resistance of 2.00.
But the signs were there from the drop to 1.80 as I posted, was too much fear around you could feel there was big potential for a push higher.
Iron Ore Price, page-211
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Last
$20.63 |
Change
0.490(2.43%) |
Mkt cap ! $63.50B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.39 | $59.05M | 2.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 184 | $20.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.64 | 10155 | 19 |
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| Last trade - 11.24am 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |