If you wanted to take a punt, it'd be hard to find a better-looking trade than:
- Buy FMG via CFD (see next point)
- Set a guaranteed stop loss just under the recent low at $19.
I am not sure how close a CFD provider will allow a guaranteed stop loss to be set, however.
The stock has had a big correction, on medium-term support at $19 and looks to be resting on short term support at $20.
Nice risk/reward trade in my opinion.
If you wanted to take a punt, it'd be hard to find a...
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Last
$19.84 |
Change
0.300(1.54%) |
Mkt cap ! $61.08B | |||
| Open | High | Low | Value | Volume |
| $19.73 | $20.08 | $19.57 | $109.3M | 5.507M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1002 | $19.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.85 | 72168 | 3 |
View Market Depth
| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |