Shorts have been trying to hold this down today IMO
I think with the strong upswing in futures at Dalian today they will really struggle this afternoon.
The dam is about to burst. FMG will move up this afternoon more strongly.
If I was short I would cover now.
I think the bottom is in for the iron ore price for 2014 and for FMG. I think it will move up to the $3+ mark very soon.
Shorts struggling to Hold Down
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |