MIN 1.91% $52.79 mineral resources limited

MIN chart, page-115

  1. 9,814 Posts.
    lightbulb Created with Sketch. 4242
    not looking good, RED TA signals blaring here on many parameters

    my call of stage 3 rounding top pattern completion 53-56 SPOT ON
    the laughs and humiliation of my calls now proven ironic and misguided arrogance.

    another lower low
    another very long red candle -177c WOAH
    another lower open -23c
    another close at daily lows with 0c tail, WHAT?!
    another breakdown below 54-55

    DCB green candle suxed in the BULLS in the classic BULL TRAP by the SHORTS
    SHORTS making hay again and again here
    a whopping $26 drop from the highs only a month ago, $6B MC wiped off here.

    Since the POS deal termination a whopping drop down and the dirt cheap new Li Hub deal breached for no good reason and market doesnt like it, after AGO POS, what other mega deals will they renege on now?!

    CLIFF FACE deepening
    2 year low created a low not seen since July 2022

    No end in sight of the drop, the ledge at 54 -56 has been viciously & sharply broken down.
    the stage 4 pattern is 46-50, surely not, we saw a rebound ledge at 54-56 but now its lower again so will the SHORTS run this to below 53?! Early july is the telling time usually.

    Trading Rule 4
    dont buy on the way down, dont catch the falling knife, wait for the floor and the knife embedded in the concrete floor, it will be boringly obvious
    Trading Rule 8
    the colour of money is green, it doesnt love you back, dont be sentimental with your stocks, be logical & objective and preserve capital always.
 
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