Yes. I always start with the monthly and it is naturally also indicating negative. My first entry was at around this level months ago, but sentiment has changed. I will likely double up, but as you said, I'll also be waiting for the reversal signal. I'll probably do that on the daily, but that can be risky with the weekly / monthly showing such large and dramatic falls. On your weekly chart in the downtrend earlier in the year, you can see the reversal up to the MA, and then the fall continue for another 6 weeks.
Also, sitting on at an important support level here. A break next week could see more large moves downward.
Like the long-term prospects though, so keen to get some more.
MIN chart, page-114
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Last
$45.86 |
Change
-1.390(2.94%) |
Mkt cap ! $9.012B | |||
| Open | High | Low | Value | Volume |
| $46.22 | $46.89 | $45.56 | $84.69M | 1.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2020 | $45.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $45.87 | 3192 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |