Rounding top pattern still in play to 4.70, look at that 30 day chart!
Today a small green bar 3c body, 8c wick, 4c tail meaning the rise was smashed down yet again this time at close and not at open as usual. A neutral doji.
The shorters let it run all day after failing in their short in the first 30 minutes then watching in eager anticipation all day and then struck in the last hour smashing it from daily highs of 5.14 down to 5.06 again with large volume.
These shorters/sellers are ruthless and vicious and keep taking funds off the top rises.
By August we should see a defined trend out of this channel 4.70-5.40. Sideways is bullish but as we have seen before in FMG its the selloff shorting that can really push this way lower than anyone expects. What native title?
FMG Technical Analysis, page-48
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Last
$17.95 |
Change
0.220(1.24%) |
Mkt cap ! $54.31B | |||
| Open | High | Low | Value | Volume |
| $17.93 | $18.00 | $17.70 | $123.0M | 6.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11526 | $17.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.95 | 14618 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
