MIN 1.47% $55.49 mineral resources limited

strong close ended as a higher longer green candle with +67c...

  1. 9,773 Posts.
    lightbulb Created with Sketch. 4218
    strong close
    ended as a higher longer green candle with +67c green body
    closed at daily highs too
    ChiX lagged on the close

    first green reversal candle since this $25 bear rundown since 20 may to today
    the ledge was hit today and V rebound.
    If tmrw we see another positive candle and rise as i expect this may signal the bear run is over for now until July or October.
    An interim bull run retrace may be open toward 60

    79 to 54 was an amazing rundown for the SHORTS

    Looks way oversold. Needs TA confirmation tmrw.
    Changed sentiment to HOLD now.

    Trading Rule 4
    Buy on the way UP, not on the way down. Wait for the floor & the reversal candles confirmation.
    Last edited by tomboy: 25/06/24
 
watchlist Created with Sketch. Add MIN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.