MIN mineral resources limited

@slick aha, i didnt see those prior MIN posts but accept your...

  1. 10,733 Posts.
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    @slick
    aha, i didnt see those prior MIN posts but accept your experience as stated.
    I apologise as you have a good TA charting and alarm system obviously.

    I have to concur learned friend, the chart is looking bearish and TA bull case has broken down.

    In particular
    the last time the MACDs were printing red -0.28 it was at 17.00 or green MACD at -0.28 it was 18.00
    the last time RSI were this low it was at 18.00 also
    and the breakdown of that 23-24 ledge is very worrying

    the next support ledge is 20-21 and will that hold?

    You posted the channel at 12.00 - 22.19 but it didnt crack the 14-16 support level last time
    and this time on the way up there was a 20-21 ledge created

    so now its below the 23-24 ledge 3 days in a row I reckon it can go to 20-21 so SHORTS Robot will see this & launch a blistering sharp short attack next week.

    I concur best to stay out watch the carnage and then see where it stabilises around
    maybe 20-21
    maybe 15-17 again.
    Im being realistic is all, not delusional.
    If I was a LONG id be peeved right now but thats shares for you illogical up and downs.
    If you cant handle it stay in real estate like me.
    Rent and property way more stable imho.

    I could yarn on about how i coulda made 10s of millions if i had stayed in FMG from 2.00 or MIN from 2.00 or JBH from 9.00 or CBA from 18.00 but lets not go there.
    My brother told my older brother to buy ANZ at 90c in ~1986 but he invested in Bond Corp LOL and lost $1M cash. Dumbarse. Still he stayed in business and real estate and made back 10 x that fortune there anyway.

    Moral of the story is = stay in real estate & business and play on stocks with what you can afford to lose,
    if you invest 90% in stocks you will likely go bust as most stocks go bust.
    And stay sane !
 
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$23.45
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Last trade - 16.10pm 16/06/2025 (20 minute delay) ?
MIN (ASX) Chart
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