What changed last week?
FMG's share price for sure. A fall in the IO price to a lower "high". A fall in US markets prompted by nothing to do with IO supply or demand. We got closer to shut down for CNY (even a wall calendar could see that coming). And a great FMG production report.
But the biggest change was sentiment to the share price as evidenced by posts here. It went from; when will we hit $30 to I think it will go below $20. The sentiment change just shows the psychology that doesn't help in trading/ investing and the herd mentality.
Iron ore price, page-27634
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Last
$20.39 |
Change
0.370(1.85%) |
Mkt cap ! $62.50B | |||
| Open | High | Low | Value | Volume |
| $19.90 | $20.42 | $19.90 | $67.43M | 3.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 10837 | $20.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.39 | 3104 | 11 |
View Market Depth
| Last trade - 11.28am 15/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |