FMG 1.09% $18.60 fortescue ltd

nice todaythis morning broke my usual rule of not buying gaps...

  1. 3,195 Posts.
    nice today

    this morning broke my usual rule of not buying gaps up, and managed to get a position at $4.37.. lol happy with that move

    if this is a short covering rally, then maybe its only just starting?





    anyway, immediate targets IMO are the fib level above at $4.84

    then potentially median tyne of the new pitchfork around $5.00 give or take, depending on how quickly (and of course, IF) it gets there

    you guys notice on the chart how the volume coming down into the low $4.00's this second time around is almost half what it was a couple weeks ago? very nice :)

    also looks like a "W" bottom formation in the making doesn't it? if so portends for a big move... maybe


 
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Last
$18.60
Change
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Mkt cap ! $57.26B
Open High Low Value Volume
$18.40 $18.68 $18.34 $157.0M 8.476M

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No. Vol. Price($)
1 10105 $18.59
 

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Price($) Vol. No.
$18.60 17942 8
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Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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