It was interesting to watch the "cascading stop losses"at 10-10am after the market opened on Friday. Would have bought at $7-45 as the buyers came back into the market but am already fully invested in FMG.
This pattern usually indicates the bottom - as shorters and institutions buy back in.
I must admit I was surprised how low the price went - and as noted by Big E in a post a couple of days ago - there were some gaps that unexpectedly got filled on Friday.
Hopefully the market settles down next week or victimises another more deserving sector! I prefer British Racing Green over Ferrari Red!!
GLTH Kangaroo1
Iron ore price, page-15070
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 (20min delay)
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Last
$18.94 |
Change
-0.330(1.71%) |
Mkt cap ! $58.77B | |||
| Open | High | Low | Value | Volume |
| $19.01 | $19.33 | $18.94 | $89.13M | 4.666M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3689 | $18.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.95 | 442 | 5 |
View Market Depth
| Last trade - 13.04pm 09/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |