well another higher long green candle close
closed as a green candle with 60c green body 51c tail and 35c neck
KUDOS to BD & TB, we are the ONLY ones who picked this today on here.
the 3-4 short attacks all failed miserably as expected
closed in GREEN and again TA is still rising as a result
MACD now -0.20 from -0.40, accelerating faster toward 0.00 due to 3 higher closes in a row
RSI now UP 55.60 from 53.93 up +1.63 but slowing not as much as prior day move +11.00 from 42.40 - 53.93
3 higher closes forms another rising bullish wedge pattern and reconnected to that 23-24 ledge yet again where it hung around 6 days in May.
positive TA bodes well for tuesday but it can turn fast as shorts are angry & bitter now
Tuesday will be a telling day
SHORTS will want a bearish lower red candle to create a bearish evening star pattern
BULLS will want a break of 2400 and continuation of the bull run toward 25 targeting the 100DMA now at 25.18 (down from 27.20 12 days ago)
my call today of a green arvo candle and hit of 2400 was SPOT ON
I sold my day trade parcel at 2400 today from open so GREEN again.
I watch the TA & market moves closely as most days they seem illogical & irrational with robots running things up and down in minutes ignoring the TA like today it ignored the TA in morning going down (DONT KNOW WHY?) then moved very fast up 80c in 25 minutes ~300pm est (OVERSHOOT) to break daily highs then leaving a 35c neck from nowhere
Medium term I think MIN should be at 25-35 and long term a retrace to 53 but who knows when and how that will happen, will need a few good QR results, IOP over 100, solid margins and debt reductions to get it there again imho
Unlike FMG BHP RIO, the MIN BOD are "focused on their core business"
BHPs failed OZL $12B cash splash in the desert was a total disaster as was there burning $4B on nickelwest upgrades only to mothball them NUTS
AFs $1.3B cash splash on Noront & MCR while piling out of POS for 5c (now HRZ) then going to hawaii & davos on day junkets in his $90M new jet have been a disaster also
RIO burning $50B cash on african waterfalls where the CEO albanese was sacked was another doozy
MIN I have also criticized for their failed bids for AGO (Gina got it over MIN and made a 70 b@gger on it) & POS LJ project (Li Ni MILL/MINES) where they pulled out for a pathetically low $15M (worth $1B imho). While shorts can criticize the debt, director musical chairs, CE ethics and haul road mumbo jumbo, its all fallen on deaf ears as the colour of money is green and it doesnt care about your feelings, hopes or wealth at all.
I remain BULLISH yet cautious as shorts seem ever present here.
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Last
$23.45 |
Change
-0.450(1.88%) |
Mkt cap ! $4.608B |
Open | High | Low | Value | Volume |
$23.52 | $24.29 | $22.95 | $57.22M | 2.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5342 | $23.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$23.52 | 1725 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5342 | 23.450 |
1 | 8526 | 23.440 |
1 | 250 | 23.420 |
1 | 250 | 23.400 |
3 | 4451 | 23.390 |
Price($) | Vol. | No. |
---|---|---|
23.520 | 1725 | 2 |
23.530 | 4451 | 2 |
23.550 | 2000 | 1 |
23.600 | 400 | 1 |
23.610 | 16400 | 1 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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MIN (ASX) Chart |