MIN mineral resources limited

closed as another higher gap up green candle opened +78c higher,...

  1. 10,771 Posts.
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    closed as another higher gap up green candle
    opened +78c higher, woop
    91c long tail, 44c green body and 40c neck
    meaning the higher open reversed but then retraced to daily highs again burning shorts badly

    the shorts kept it below 2500 with concerted 4 waves of short attacks above 2500
    They are defending the 100DMA now at 2507 like they did on 14-16 May at 2720
    the neck hit the 100DMA and kept bouncing off

    its continued with its higher highs - higher lows pattern.
    RSI now hit 59.34 up
    MACDs now printed a +0.01 so went positive creating another inflection pivot on the MACD chart
    the prior run of 5 saw it hit the 100dma at 2700 and bounce down
    the MACDs are printing green 4 days in a row now
    The 100DMA is the target now 2500 area

    any trader buying at 2370 selling at 2530 gets the GREEN STAR award, not me though today, i get the tin star today, I expected it to run at 2550 but it couldnt get there

    the shorts are in panic here, they cant keep it down until todays afternoon
    Yet today was the golden chance for BULLS to burn through the 100DMA but they failed 4 times in a row now

    I expect a tussle from here as we saw 14-16 May and today at the 100DMA
    SHORTS will throw the kitchen sink to stop this crossing and holding it below like last time.
    They do not want to see the 100DMA crossed.

    So I expect up and down zigzags next 3 days.

    SHORTS broke even looks like and those that ran it down 2450 to 2370 got profits if they covered there but their 3 attempts to short at 2500 failed so they lost there.

    Still I like to see the SHORTS BURNING.
 
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(20min delay)
Last
$22.59
Change
-1.090(4.60%)
Mkt cap ! $4.439B
Open High Low Value Volume
$23.21 $23.21 $21.96 $91.81M 4.077M

Buyers (Bids)

No. Vol. Price($)
1 4000 $22.55
 

Sellers (Offers)

Price($) Vol. No.
$22.60 1749 2
View Market Depth
Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
MIN (ASX) Chart
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