Another red candle, this time an L shape daily chart, negative
another daily low
another close near daily lows 107-108c
another lower low & lower high, same pattern since April 2022
below the 120c pivot and keeps going lower
now 108c
250c seems so long ago now
reality sinking in, capex burning, low production, guidance way too high, BHP not getting what theyre promised.
Sellers suxing in the BULLs in the BULL TRAP to make them think this is the lows when its not.
yesterdays shocking crackdown is a SIGNAL, was that the capitulation blowout or just the start of it?
momentum drop steadied today but still closed bearish.
SHORTS in charge still.
100c the target for SHORTS now imho.
BULL TRAP still in play.
MCR Price at posting:
$1.08 Sentiment: Sell Disclosure: Not Held