MIN 4.42% $54.28 mineral resources limited

WOAH WHIPSAW move galore. that 200c drop yesterday was sharp...

  1. 9,811 Posts.
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    WOAH WHIPSAW move galore.
    that 200c drop yesterday was sharp fast
    this 53-56 area Ive been calling since May SPOT ON.
    Twice its been exceeded into the 51.50 area and twice its bounced out convincingly back to 53-56 area hence why I changed my sentiment to HOLD on this weeks ago.

    opened +52c now sits as an impressive higher long green candle +120c body 30c neck 53c tail
    that move back to the prior close was rejected and the higher open kept going higher all day

    now sits a whopping 173c higher than the prior close
    another impressive reversal green candle dominating the candle board and showing again strong support area of 51.50-53.50

    This is no accident. Looks like they had to cover their SHORTS yet again in the same area 51.50-53.50
    The SHORTS have failed twice to break it below 51, both times inc today they got BURNT to a CRISP.
    Today the overnight shorts lost 200c and the daily shorts lost around 120c horrid day for shorts today

    but after they made a whopping 79 to 52 rundown in 6 weeks and made a $25 motza profit I think they can afford to cover their shorts now and sit and see what happens next 7 days

    If my predicted DCB to 60 happens then most shorts will trade the ST bounce and wait for another shorting opportunity maybe when that western equity crash happens as risky in the usual CRASH SEASON of Sept Oct.

    My sentiment was correctly changed weeks ago to HOLD
    Glimpse of BUYZONE appearing yesterday and today, reversal TA showing GREEN SIGNALS
    Wait for confirmation of bounce and uptrend
    some may see a 52-60 ST trade as worth the risk here, we will son find out, in the meantime

    Burn them SHORTS, BURN !
 
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Last
$54.28
Change
2.300(4.42%)
Mkt cap ! $10.66B
Open High Low Value Volume
$52.50 $54.28 $51.97 $61.83M 1.151M

Buyers (Bids)

No. Vol. Price($)
1 6751 $54.18
 

Sellers (Offers)

Price($) Vol. No.
$54.36 2985 1
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Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
MIN (ASX) Chart
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