looks like slick is spot on 2 July low of 53.66 has rebounded...

looks like slick is spot on

2 July low of 53.66 has rebounded out ina V shape
But it may be a dead cat bounce (DCB) as its BEAR SEASON till 31 Oct
and usual annual lows happen in May, July then Sept/Oct

Today a lower open -65c led to a lower green candle with +77c green body 11c neck 13c tail
once again a reversal candle shown up here

This ought to ride back up to 60ish and then crack back down in Sept/Oct to the lows stage 3 of 53-56 imho.
Just my thoughts but anything can change.

I expect a western equity crash this Sept/Oct as western high inflation and high interest rates kill western economies & growth supplanted by the decoupling of the eastern economies which continue to boom such as china india iran russia brasil (BRICS).

Since the 9 May when MINRES breached its POS LJ buy deal its lost a whopping $5B Mcap.

The east needs Oz IO and so MINRES sits pretty long term until the inevitable china/taiwan war and resultant sanctions as they did to russia. When this happens I expect a V shape collapse in IO stocks then rebound as IO will be in massive demand so opportunity for buyers cheaper then but who knows when it will happen.
by Sept/Oct 2024 or after Trumps 2nd term say 2030 - 2033?

Till then MINRES will trade seasonally based on IOP as usual.