MRR 5.88% 0.9¢ minrex resources limited

Ann: Exploration and Operations Update, page-33

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  1. 4,702 Posts.
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    There used to be a time in the market when large volume that transacted off market or between brokers on a low priced stock or even higher priced ones, the next day or so prices would shoot higher.

    Funny how times change. I used to make good cash tracking whales and stocks that closed on interesting volumes. I'd add them to a watchlist and trade them.

    MRR displays that same whale type activity, minus the follow through for the time being.

    Short term max downside is 2 pips hence I still took a position and its less than 100,000 shares so. 2 pips off a support for potential 5 to 8 pips of upside favours better reward to risk ratios FOR ME smile.png I may not time the entry the best as they could try and hit stops but their intention is clearly buying low with the aim of selling it back closer to all the trapped folks at 2.5c zones. I clearly don't know when this will be but I suspect in the very near future

    It'll move before anyone knows (and also wont last long) so just sit patient, have sell orders queued because a move is statistically on our side as per yesterdays chart below

    DEPTHS TODAY ARE 30M BUYERS to 19M SELLERS a change of +5M buyers & +4 M Sellers there is little to no edge in this info still except that demand still outweighs supply and someone is keen rolleyes.png

    SENTIMENT REMAINS UNCHANGED! smile.png GLTAHz $300k of money to follow is far larger than my $2k odd position THEY got more to lose than me I suppose so IF I am reading it correct, I will remain a Holder.

    https://hotcopper.com.au/data/attachments/5799/5799395-5d740f42db8b2576270bee7a5363f373.jpg

 
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(20min delay)
Last
0.9¢
Change
0.001(5.88%)
Mkt cap ! $9.763M
Open High Low Value Volume
0.9¢ 0.9¢ 0.9¢ $2.126K 236.2K

Buyers (Bids)

No. Vol. Price($)
13 10720100 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 4805685 11
View Market Depth
Last trade - 10.37am 01/11/2024 (20 minute delay) ?
MRR (ASX) Chart
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