Am curious as to why TA players are using charts in the current situation.
Would have thought the fact that the company has question marks over sales volumes, quality of ore, myriad of court actions commenced over defaults with shipping contracts, no cash flow, 'de hiring' your contract ore sales manager, 'de hiring' your shipping guru, convaluted heavy debt position and now issuing scrip to creditors would take you outside what may be considered normal for technical analysis.
A bounce is due? Why?
You are milliseconds away from the knackery on fundamental analysis IMO.
Yet a chart offers salvation?LOL
Cheers,TAS
unchartered waters
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |