Jackson, my call would be a retest but not of the uber lows. However, when you get it wrong on FMG you really get it wrong. It is the type of stock that could be $5.50 or 3.50 next week. Good luck.
I bought last week at 4.60 and then had to wait three days for a recovery to 4.68. It then sank to 3.96 before a recovery to 4.90. I rode all the way from around 4.00 to 4.78 before bailing 2/3. I bailed because it was late on a Friday and I couldn't see more = wrong.
This was a short covering rally coupled with a too low low. From here I doubt the shorters will be as nervous as Thurs/Fri thus less demand but what will supply do?
Jackson, my call would be a retest but not of the uber lows....
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Last
$22.38 |
Change
0.280(1.27%) |
Mkt cap ! $68.93B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.46 | $22.22 | $13.90M | 621.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2422 | $22.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.39 | 1363 | 6 |
View Market Depth
| Last trade - 10.52am 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |