I think this is technical action not fundamental. FLT was playing around the $22 mark, which happens to be the 200 day EMA. The Tokyo disaster(s) moved everything down, and once FLT broke $22 all the technicians mindlessly started selling shares.
Unfortunately, this all puts a wall of worry in front of FLT for the next six months. If Tokyo doesn't melt down completely, I would expect to see sellers develop in FLT around $23 and it would be difficult for it to sustain any uptrend.
Bummer.
I think this is technical action not fundamental. FLT was...
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Last
$17.06 |
Change
-0.270(1.56%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.43 | $17.50 | $17.06 | $23.70M | 1.377M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 26692 | $17.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.16 | 4619 | 2 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
