FMG 1.42% $21.22 fortescue ltd

Worst case value 70- 92cent, page-53

  1. 5,262 Posts.
    lightbulb Created with Sketch. 145
    Te Te
    You must be happy today. I looked at the 30 day chart $3.38 to $2.60 or -.78 cents within 30 days. A drop of about 19 cents a week and over 3 months a drop of 12 cents a week.

    If this is consistent for over the next 9 weeks then FMG will reach a dollar about the 18th January 2015 or 9th Feb 2015 if we use the average drop for the last 3 months.

    I tend to think market sentiment is lagging a bit. The market is hoping FMG will bounce therefore the storm has not started.

    Chart fmg.ax with whc.ax on yahoo finance and look at the comparison. Its almost a mirror image. When comparative and complimentary products decline at the same rate of knots this is more than a small correction.

    https://au.finance.yahoo.com/echarts?s=FMG.AX#symbol=FMG.AX;range=1d
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$21.22
Change
-0.305(1.42%)
Mkt cap ! $65.52B
Open High Low Value Volume
$21.60 $21.64 $21.16 $79.90M 3.745M

Buyers (Bids)

No. Vol. Price($)
5 1544 $21.21
 

Sellers (Offers)

Price($) Vol. No.
$21.22 6078 24
View Market Depth
Last trade - 15.20pm 23/07/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.