IMO the buy side is stacked. If you look at the individual orders form 9c to 10c (which you can see if you have Commsec Pro Trader or some other live platform) you will see this.
I have seen this with FMS many times before. I have been trading it since Nov last year.
There were two big buys of 3mil and 4mil at 10 and 10.5, the buy side is stacked and up ramping posts are starting to appear.
Those large buyers have bought to trade and will stack the buy side then put large sell orders higher up. Once they have sold out at a profit the buy orders will disappear.
As long as you know this you can trade with them, but have a profit target.
FMS Price at posting:
10.3¢ Sentiment: Buy Disclosure: Not Held
