hmmmm RSI: https://www.investopedia.com/terms/r/rsi.asp Capital Group sold half of the 50 mill. Probable continued high sales for a bit till much of the transaction has been on-sold above $21.60. Then the RSI fundamentals should play out, you would think. Volume around 6 mill today.About a week? FMG is still fundamentally a simple business, without the high debt it used to have.
https://www.marketindex.com.au/news/fortescue-is-the-most-oversold-stock-on-the-asx-200-where-does-it-go-from
Iron ore price, page-52572
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Last
$22.62 |
Change
0.700(3.19%) |
Mkt cap ! $69.64B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $131.3M | 5.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 6416 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |