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
It was interesting to watch the "cascading stop losses"at...
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 (20min delay)
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |