looks like slick is spot on
2 July low of 53.66 has rebounded out ina V shape
But it may be a dead cat bounce (DCB) as its BEAR SEASON till 31 Oct
and usual annual lows happen in May, July then Sept/Oct
Today a lower open -65c led to a lower green candle with +77c green body 11c neck 13c tail
once again a reversal candle shown up here
This ought to ride back up to 60ish and then crack back down in Sept/Oct to the lows stage 3 of 53-56 imho.
Just my thoughts but anything can change.
I expect a western equity crash this Sept/Oct as western high inflation and high interest rates kill western economies & growth supplanted by the decoupling of the eastern economies which continue to boom such as china india iran russia brasil (BRICS).
Since the 9 May when MINRES breached its POS LJ buy deal its lost a whopping $5B Mcap.
The east needs Oz IO and so MINRES sits pretty long term until the inevitable china/taiwan war and resultant sanctions as they did to russia. When this happens I expect a V shape collapse in IO stocks then rebound as IO will be in massive demand so opportunity for buyers cheaper then but who knows when it will happen.
by Sept/Oct 2024 or after Trumps 2nd term say 2030 - 2033?
Till then MINRES will trade seasonally based on IOP as usual.
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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. |
---|---|---|
$45.87 | 3192 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2020 | 45.800 |
1 | 65 | 45.780 |
1 | 500 | 45.610 |
6 | 1281 | 45.600 |
2 | 574 | 45.570 |
Price($) | Vol. | No. |
---|---|---|
46.000 | 571 | 2 |
46.220 | 475 | 1 |
46.300 | 1825 | 2 |
46.590 | 250 | 1 |
46.750 | 2000 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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MIN (ASX) Chart |