MIN mineral resources limited

Ann: Onslow Iron Resource and Reserve Update, page-22

  1. 10,714 Posts.
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    LT I agree, should be way higher than here, my call is 25-35 with break to 53 next year

    today its copying yesterdays bearish pattern again with 2 short attack cut downs daily.
    ST its in a bear chart pattern and shorts are smashing it up badly last 4 days
    they locked the 100dma top resistance as a pivot point

    ST the TA has gone red
    the robot reads this and senses weakness so it will attack and attack and attack
    and it will short it to the daily lows where it can
    these have been very vicious and sharp drops

    the only way to make moolah here is to buy low hold and sell at highs with a 2-6 week medium term timeframe or a 2 year long term timeframe.

    the daytrade is controlled by the robot.
    and it looks like it wants to see & test the 50dma again around 21.50
    the current rounding top pattern competes at 20-21

    i have no confidence in the TA right now
    wait for the defined pattern, the TA green lights, wait for the floor and the defeat of the shorts
    the shorts are winning right now.

    too risky to pick imho.
    Last edited by tomboy: 21/05/25
 
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