Stage 3 rounding top zone that I called months ago of 53-56 is still in play.
Ledge has been hit around 54-56
the CLIFF FACE has ended and a flooring pattern has taken shape
positive signs now but the lows are normally in end July and sept/oct so the SHORTS aint done yet imho.
SHORTS may try another move lower and then the usual DC bounce in August and more lows in Sept/Oct
They try to sux in the BULL in their BULL TRAP
BULL TRAP SPRUNG
Theyve made a whopping $25 profit on this drop from 79. So have strength in the downside still.
If this ledge can hold another 3-6 weeks we should see a DCB in Aug and then lows again in Sept/Oct imho.
Cant see any real change for a while.
However it may be getting close to the BUYZONE time once the BEAR SEASON is over on 1 November.
MINRES has lost a whopping $5B since the $15M POS deal for a new LI HB was repudiated.
It also lost a $20B gain on the AGO bid deal before that which Gina swept up easy.
Market not happy with these outcomes clearly.
If 53-56 can hold for 4-6 weeks it may signal the BUYZONE area is ready and the SHORTS have failed to drop it further and the floor has been found.
Wait to see, patience is a virtue.
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$56.32 |
Change
-0.010(0.02%) |
Mkt cap ! $11.06B |
Open | High | Low | Value | Volume |
$56.90 | $57.57 | $56.16 | $38.01M | 671.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3152 | $56.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$56.38 | 2164 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2820 | 56.310 |
3 | 1900 | 56.300 |
2 | 391 | 56.290 |
1 | 40 | 56.280 |
1 | 100 | 56.250 |
Price($) | Vol. | No. |
---|---|---|
56.450 | 850 | 1 |
56.480 | 30 | 1 |
56.500 | 850 | 1 |
56.520 | 850 | 1 |
56.550 | 850 | 1 |
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