MIN 1.46% $37.90 mineral resources limited

yep SPOT ON looking good for a rebound to 60 in August short...

  1. 10,131 Posts.
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    yep SPOT ON looking good for a rebound to 60 in August
    short term bounce is in process as way oversold

    opened up +90c
    another V daily chart reversal pattern
    a higher smaller red candle -28c with 7c neck and very long 51c tail
    meaning the higher open was not shorted down back to prior close
    its sitting up above the prior close
    that long tail means the lows were reversed and not supported under 54

    SHORTS made a motza $28 in 6 weeks but now its recovering.
    looks like the 53-56 3rd stage rounding top pattern has reconnected and is showing a WWW tyoe zig zag which means SHOIRTS cant drop it lower

    24 & 25 July lows look like the biannual lows now, a defined valley created and now bounce outs.
    Short term gain to 60 imho maybe good for a ST trade here
    but beware CRASH SEASON is coming Sept/Oct and MIN will not be spared.

    Easier to wait for BULL SEASON restart in November imho.
    Still positive signals appearing.
 
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$37.90
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Last trade - 12.16pm 08/11/2024 (20 minute delay) ?
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