Best check the fundamentals first for April and May. Seem to remember that was when a few mills were complaining about the
price and the way IO was traded - maybe then or a little later in the year.
There are of course other markets besides China.
Also a gander at the weekly chart is saying this is in no way overbought.
Rather a rude question and OK if you would rather not answer but what sort of quantity in shares would you be trading?
Profit remains substantial and I just can't imagine what would cause a dump in price of that magnitude of 80 cents.
Iron ore price, page-16207
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Last
$22.25 |
Change
-0.235(1.05%) |
Mkt cap ! $68.58B | |||
| Open | High | Low | Value | Volume |
| $22.37 | $22.41 | $22.21 | $14.88M | 667.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3904 | $22.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.25 | 647 | 4 |
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| Last trade - 10.46am 16/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |