It's actually a rather bullish signal imo - the reason for phantom sell orders (well out of range) is usually to create the impression of a large sell side, keeping the price down, whilst a buyer accumulates at lower VWAP.
I wouldn't worry so much about price at this moment - rather look at volume and at RSI which all indicate to me that the stock is in much demand. It may drop in the short term but there is a lot of accumulation going on by those who are not panicked by cyclical moves - all imo.
Iron ore price, page-39392
-
- There are more pages in this discussion • 16,801 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.75 |
Change
-0.190(1.06%) |
Mkt cap ! $54.65B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.73 | $47.19M | 2.629M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 4520 | $17.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.75 | 14906 | 33 |
View Market Depth
| Last trade - 13.48pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |