G'day slick, That's one serious sell off. Haven't looked at the FA, but this would be a proceed with caution, and or wait until TA displays a very clear reversal. Big volume on friday too. why?
RSI of 12 is extremely rare and suggests to me distress selling. But why? And yes I have seen it before, but years ago, and not on MIN. Never seen below 10 and this could do just that this week with EOFY panic selling.
RSI of 20-15 is common, once it breaks 15, an investor or trader really needs to look for for other indicators and ask "why would I invest in this stock?"
I note that the expected support zone is at $52.50. I'd be looking for a reversal candle (tail or dragonfly doji) and that the candles to trade back into the BBs.
For a flip trade maybe, but I would invest on 12, probably not.
All the best. Cheers
G'day slick, That's one serious sell off. Haven't looked at the...
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$52.25 |
Change
-1.750(3.24%) |
Mkt cap ! $10.51B | |||
| Open | High | Low | Value | Volume |
| $53.02 | $53.79 | $52.13 | $24.96M | 471.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 200 | $52.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $52.26 | 283 | 11 |
View Market Depth
| Last trade - 13.16pm 30/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |