MDX 0.00% 3.7¢ mindax limited

key iron ore results due today , page-3

  1. 5,842 Posts.
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    2.3m on the buy side and 1.4m on the sell side

    The momentum has definitely shifted in favour of the buyers. Yesterday there were more sellers than buyers

    I know this is a pretty simplistic indicator but I do look at the % change in mkt depth in conjunction with other technical indicators when making a decision

    Apart from the technicals, the fundamentals are great. Mkt cap well below IRM and has a much greater BIF than IRM. Looking forward to the results

    Cheers
 
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