FMG 0.13% $14.85 fortescue metals group ltd

FMG Technical Analysis, page-92

  1. 2,882 Posts.
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    Samboy, you are over analyses TA. Looking at day to day candle doesn't tell you anything. Have a look at the SP graph from late June and you will see a clear trend..... UP!

    The daily up and down of FMG I see that with most of my other stocks as well.

    SP is just consolidating around $6 mark, today was a gift to buy below $5.70.

    SP goes down doesn't mean it's weak, it's just some garbage some people say when they have no idea why it goes down. Lately I have not seen a STRONGER SP action from FMG for the last 12 months, SP basically found a lot of support even when IO Future dropped more than 11% last week, in the past, SP would fall 15% by now, but we've seen SP barely moved after a week of heavy selling at IO Future.

    The Banks/Funds are long FMG now, they will try to suck in as many share as they can below $6 before SP pop and run past $6.50. I see $6.50 more likely than $5.50.


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Mkt cap ! $45.72B
Open High Low Value Volume
$14.93 $14.93 $14.72 $75.94M 5.141M

Buyers (Bids)

No. Vol. Price($)
2 4061 $14.84

Sellers (Offers)

Price($) Vol. No.
$14.85 2689 2
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Last trade - 16.10pm 10/07/2020 (20 minute delay) ?
-0.020 ( 0.47 %)
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$14.90 $14.92 $14.73 869325
Last updated 15.59pm 10/07/2020 (live) ?
FMG (ASX) Chart
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