FMG 0.42% $16.72 fortescue metals group ltd

consistent buying today at approx. $1.88

  1. 3,700 Posts.
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    Noticed today that not many large orders were sitting in the queue for FMG, but after the large crash at open down to $1.82.5 there were buyers picking off anything that appeared at 187, 188, 189 and 190 and the 0.5's in between.

    More than 10% of the day's 9,753,000 shares traded were at $1.88, 1,086,596 to be exact, and many more just around that price.

    Could have been a large investment house pegging it there having worked that out as their target price.

    Could have also been a Chinese buyer, 88 is a very lucky number.

    Whatever the case, it held up at that price range in quite an uncanny way.

    If it were one entity buying, you would hope they have enough cash to continue to do so.

    Can see some price/money flow divergence happening, I think a bottom will be formed soon.
 
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Last
$16.72
Change
-0.070(0.42%)
Mkt cap ! $51.48B
Open High Low Value Volume
$16.78 $16.84 $16.59 $67.37M 4.027M

Buyers (Bids)

No. Vol. Price($)
3 9736 $16.71
 

Sellers (Offers)

Price($) Vol. No.
$16.72 10363 1
View Market Depth
Last trade - 16.10pm 23/10/2020 (20 minute delay) ?
(live)
Last
$16.72
  Change
-0.070 ( 0.52 %)
Open High Low Volume
$16.82 $16.84 $16.60 913962
Last updated 15.59pm 23/10/2020 (live) ?
FMG (ASX) Chart
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