I'm a bit concerned that FMG is showing some strength on a day like this, but the SP may not be correlated to iron ore prices as strongly as you think. IO prices hit a major low on the 28th, but that happened to be the day FMG surged upwards to $5.33.
For now, the SP has found support at the 10DEMA.
todays target, page-29
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Last
$18.10 |
Change
-0.190(1.04%) |
Mkt cap ! $56.31B | |||
| Open | High | Low | Value | Volume |
| $18.20 | $18.24 | $18.10 | $10.70M | 582.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 32078 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.11 | 2611 | 11 |
View Market Depth
| Last trade - 10.12am 14/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |