FMG 0.00% $4.21 fortescue metals group ltd

Technical Reasons For IO to Head North Again?

  1. 465 Posts.
    We should consider the question of what factors will stop the big miners from over producing. The more they over produce the more Brazil will try to match; the lower the price the lesser the amount of Chinese money arrives in Australia; the more our currency drops. In some other countries Government would have stepped in by now.

    So my question, last time IO dropped, was it for the same reason?

    What caused the bottom of the cycle and what caused IO to rise again?

    What can we learn from history and is this the same situation?
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Mkt cap $13.10B
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $1.314M 324.2K

Buyers (Bids)

No. Vol. Price($)
1 2250 $4.42

Sellers (Offers)

Price($) Vol. No.
$4.00 711 1
Last update - 09.52am 14/12/2018 (20 minute delay) ?
0.00 ( 0.33 %)
Open High   Low Volume
$4.21 $4.23   $4.20 68271
Last updated 10.10am 14/12/2018 (live) ?
FMG (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.