I now know we're that volume came from
hedge funds rebalancing .
They were shorting the week before to get it to 13.05 and then covered and collected cheap shares all day knowing that during the auction period on Friday they were going to get there fill.
Definetly going to close that gap tomorrow at 13.79 and close over 14 by day's end that's my call .
Iron ore price, page-21806
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Last
$18.99 |
Change
0.120(0.64%) |
Mkt cap ! $58.46B | |||
| Open | High | Low | Value | Volume |
| $19.38 | $19.38 | $18.91 | $211.5M | 11.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $18.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.00 | 130177 | 4 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |