MIN mineral resources limited

MIN chart, page-1723

  1. 10,751 Posts.
    lightbulb Created with Sketch. 4595
    closed as a higher engulfing green candle
    with +53c body 55c neck 20c tail
    its fully engulfed the prior candle with its ends and body

    The daily low & daily high were identical as those yesterday
    so the robot repeated the pattern EXCEPT instead of DUMPING it 120c  at lunch like yesterday  it OPENED LOWER and then ROCKETED TO THE HIGH and then flatline/smoothed out into a plateau pattern in arvo.
    Daily chart looks like a BULLISH inverted L pattern hated by SHORTS

    MACD closed lower red +0.10 from +0.15 down -0.o5
    RSI closed GREEN UP 52.34 to 53.18  up +0.84
    TA factors are nominal directions despite a green candle the TA is mild

    yet the green body engulfed the prior red doji type candle
    meaning this combination since fridays dragonfly doji is a BULLISH reversal pattern
    see here -

    upload_2025-6-17_14-52-18.png

    Its also a bullish green engulfing candle pattern of 4 formed, see here -
    Its engulfed the prior red doji type candle lower in line than the 2 prior higher red candles

    upload_2025-6-17_14-54-19.png

    "A bullish engulfing candle is a two-candlestick pattern that signals a potential reversal from a downtrend to an uptrend. It consists of a bearish (red) candle followed by a larger bullish (green) candle that completely engulfs the body of the previous bearish candle. This pattern suggests that buying pressure is increasing and may lead to a price increase"

    SHORTS want to see tomorrow a higher open false start pattern with red harami
    BULLS want to see another engulfing green candle that engulfs the 13 June dragonfly 2350 -2450
    If the market & IOP is Green tonight expect a good day for bulls tmrw imho.

    This pattern is BULLISH.
 
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(20min delay)
Last
$23.68
Change
0.230(0.98%)
Mkt cap ! $4.653B
Open High Low Value Volume
$23.15 $24.23 $22.95 $87.47M 3.688M

Buyers (Bids)

No. Vol. Price($)
1 3500 $23.67
 

Sellers (Offers)

Price($) Vol. No.
$23.78 325 1
View Market Depth
Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
MIN (ASX) Chart
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