Max negativity generally indicates when the share price has overshot on the downside.
I feel we are not far from that.
Those that says IO price below 80 or 85 USD dollars is taking a big risk. I never like to say never. Considering cost increases since 2020 and inflation. The 8.50aud price in early 2020 is about 11 dollars today.
I honestly forget what the low point was for iron ore pricea in February/March 2020. Maybe low 80s or 70s?
70 to 80 USD per tonne is possible I feel it would definitely be an overshoot. Maybe even possible to see a short spike down into the 60s but market forces will gravitate this back upwards for sure. Sure i am painting a negative possibility but it is definitely a possibility. How likely? I cannot say.
I would wonder if the chinese government will subsidise the iron ore mines.
Life is exciting always.
I want to load up big time and I am biting at the nails when to jump in. Prefer to see a bit more of a resistance (fundamental support factors) for a month or 2 going ahead.
Good luck to all investors. I hope we are all clinking champs this Christmas.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-53961
-
- There are more pages in this discussion • 1,106 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B |
Open | High | Low | Value | Volume |
$20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38056 | $20.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.15 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 38056 | 20.090 |
1 | 7000 | 20.080 |
1 | 1943 | 20.070 |
1 | 5000 | 20.050 |
1 | 500 | 20.040 |
Price($) | Vol. | No. |
---|---|---|
20.150 | 20000 | 1 |
20.160 | 11740 | 2 |
20.170 | 18660 | 2 |
20.180 | 72346 | 3 |
20.190 | 47315 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |