MIN mineral resources limited

Im expecting a vicious all out SHORT ATTACK here next week...

  1. 10,714 Posts.
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    Im expecting a vicious all out SHORT ATTACK here next week
    SHORTS smell blood
    if IOP drops below 100 and market flat it will be on the cards
    trying to pick a daily bottom & hoping for a rebound is gambling & delusional imho

    BUYZONE i called before of 15-25 (17-21 sharp)
    looks like the sell zone was 27 area for now

    21.48 50DMA is going to be the key, it showed strong support twice now
    SHORTS will target this 50DMA for sure imho
    the 50DMA has started dropping 21.53 now 21.48

    MACD gone down further -0.28 from -0.21 -0.13 -0.00
    RSI dropped also to 47.36 but still above the 39 last time MACD was this low
    the MACD line has created a bearish inflection pivot when it crossed 0.00 to negative and the red MACD prints keep coming as the lower lows keep happening.

    On this momentum the HSORTS will target 20-21 next week imho
    may see another attack at 21.50 or another -200c drop to find support.
    the breakdown of the 23-24 ledge leaves no confidence as to where the floor is
    the monthly chart showed a flooring at 20-21 on the way up so this is where the support will be but can it & will it hold?

    Also BEAR SEASON is usually June to October with DCB in July so a long time to go till November.
    July QR4 report ought to see the DCB like we saw on the QR3 report end April and then more drops till BULL SEASON starts and who knows when that will happen.

    I wait for the floor, reversal TA & candles nowhere in sight atm.
 
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Last
$23.90
Change
0.200(0.84%)
Mkt cap ! $4.696B
Open High Low Value Volume
$24.10 $24.47 $22.76 $80.81M 3.398M

Buyers (Bids)

No. Vol. Price($)
1 7660 $23.88
 

Sellers (Offers)

Price($) Vol. No.
$23.92 5177 2
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Last trade - 16.10pm 13/06/2025 (20 minute delay) ?
MIN (ASX) Chart
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