MIN 1.43% $50.99 mineral resources limited

FA, Qtrly appears to be liked by the market, resulting in a nice...

  1. 759 Posts.
    lightbulb Created with Sketch. 1260
    FA, Qtrly appears to be liked by the market, resulting in a nice green candle today.
    TA, been watching for a bit now, waiting for a retest of the low prices set, that was achieved at the beginning of the week. With the SP decline and RSI broke the to oversold territory, this resulted in chart divergence (arrows below) This is bullish.
    The candles tested the lower bollie and today with the Ann, have giving the candle a nice bounce. Tonights trade in the US will be interesting and may be reflected in the LIT and Spod prices. Thus mondays trade of MIN will determine where SP goes next.
    Given the candle bounce, RSI and divergence, this could be a buy early next week. Just waiting to see what the MACD does (grazing at the moment) and I would like to see the 8ema cross back over the 20 (won't take much).
    AIMO.
    https://hotcopper.com.au/data/attachments/6338/6338918-ee0bb297c486d9448cc27647214c9ad8.jpg
 
watchlist Created with Sketch. Add MIN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.