MIN 1.43% $50.99 mineral resources limited

Hmmmm, don't think there's any short positions hurting but...

  1. 14,495 Posts.
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    Hmmmm, don't think there's any short positions hurting but rather loving the price action.

    Only need to look at the state of the weekly and the huge selling volumes. The stock is in it's worst state that it has seen over the past few years and this current downtrend is the largest.
    But still this stock provides some of the quickest and strongest swings which is why folks are always watching on the side lines.

    Only thing you can take as a "pay attention" signal is that RSI is tagging the "oversold" level of 25 which it hasn't tagged sine 2016.

    https://hotcopper.com.au/data/attachments/6423/6423426-61df0b8578d3321ab14fda6f094f26fd.jpg

    Love to know the % of hedges make up the 7.5% short position.
    https://hotcopper.com.au/data/attachments/6423/6423434-314a23ff294936c585ae1a3f0987bb33.jpg

    Cheers
 
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