hi folks,
I go along wiht Rob's assessment. His chart indicates very clearly that we either have a symmetrical triangle (could go either way) or an ascending triangle (usually goes north). I think in FMG's case this is a strong signal for an upcoming break-out north. Resistance is very firm at A$ 7.60.
The whole industry is now looking at Twiggy for him to meet his deadline for the first delivery in May. Although this will have a rather minor impact on the SP in the long run it's amazing that the technical analysis coincides with an upcoming major mile-stone for FMG.
Vero, be carefull, your mate has used someting around 10/30 EMA for his analysis rather the more conservative 30/150 or 30/180 EMA. By doing it your way , yes you can come up with dead and golden crosses all day long....
Just my thoughts...
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B |
Open | High | Low | Value | Volume |
$17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300 | $17.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.35 | 28897 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 17.330 |
3 | 1302 | 17.310 |
4 | 4250 | 17.300 |
2 | 2522 | 17.290 |
2 | 1080 | 17.280 |
Price($) | Vol. | No. |
---|---|---|
17.350 | 27484 | 2 |
17.380 | 1000 | 1 |
17.450 | 500 | 1 |
17.480 | 1000 | 1 |
17.500 | 3081 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |