MIN 3.58% $53.92 mineral resources limited

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  1. 1,032 Posts.
    Looking at the daily price is breaching support 5.70 and we couldpossibly pop back up to 6.07 as we retest the breakout from a 5 year floor.

    zooming out and looking at the weekly and taking into account measured move looks like this thing can drop down to $1.00 flat using the exact same 2 techniques to predict its top where price has flagged in that highlighted range.

    Looks good for a short around here on any failure to move higher once price comes back for a breather. MINERAL RESOURCES LIMITED.png
    Last edited by snakeye: 24/07/15
 
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