Stage 3 rounding top zone that I called months ago of 53-56 is still in play.
Ledge has been hit around 54-56
the CLIFF FACE has ended and a flooring pattern has taken shape
positive signs now but the lows are normally in end July and sept/oct so the SHORTS aint done yet imho.
SHORTS may try another move lower and then the usual DC bounce in August and more lows in Sept/Oct
They try to sux in the BULL in their BULL TRAP
BULL TRAP SPRUNG
Theyve made a whopping $25 profit on this drop from 79. So have strength in the downside still.
If this ledge can hold another 3-6 weeks we should see a DCB in Aug and then lows again in Sept/Oct imho.
Cant see any real change for a while.
However it may be getting close to the BUYZONE time once the BEAR SEASON is over on 1 November.
MINRES has lost a whopping $5B since the $15M POS deal for a new LI HB was repudiated.
It also lost a $20B gain on the AGO bid deal before that which Gina swept up easy.
Market not happy with these outcomes clearly.
If 53-56 can hold for 4-6 weeks it may signal the BUYZONE area is ready and the SHORTS have failed to drop it further and the floor has been found.
Wait to see, patience is a virtue.
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Last
$30.65 |
Change
-1.550(4.81%) |
Mkt cap ! $6.023B |
Open | High | Low | Value | Volume |
$32.50 | $32.90 | $30.17 | $96.53M | 3.088M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4976 | $30.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.67 | 11335 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 170 | 30.550 |
1 | 1500 | 30.520 |
1 | 540 | 30.500 |
1 | 17 | 30.400 |
1 | 1500 | 30.360 |
Price($) | Vol. | No. |
---|---|---|
30.680 | 340 | 1 |
30.710 | 700 | 1 |
30.850 | 162 | 1 |
31.200 | 1000 | 1 |
31.460 | 50 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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MIN (ASX) Chart |