FMG 5.53% $20.14 fortescue ltd

It was interesting to watch the "cascading stop losses"at...

  1. 426 Posts.
    lightbulb Created with Sketch. 10
    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
 
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No. Vol. Price($)
1 1250 $20.14
 

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Price($) Vol. No.
$20.15 2500 1
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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