The previous cycle fmg got above $25 then went back below $15. This cycle it got almost to $30 and so if it drops back to $18.55 as speculated here thats a drop of roughly the same percentage. Its starting to be in the range of a cyclic low type buy for me given how solid the company cashflows are.
At the highs approaching $30 everybody on this forum was bullish. As the price drops watch the negative comments appear on HC. But actually the opposite is true. For such a solid company I'm keen to buy more i iust want to do my buying during the cyclical lows.
Iron ore price, page-53230
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Last
$20.35 |
Change
0.000(0.00%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $20.68 | $20.28 | $2.040M | 92.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 396 | $22.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.77 | 10773 | 1 |
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| Last trade - 10.00am 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
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