Below is a weekly chart of Mineral Resources Ltd (MIN).
There was a recent buy signal when PA had a breakout above $8.61 - $8.66 resistance area with conviction. SP continued its rally today with a nice 4% rise. Trading above both the 50w and 200w sma's which is bullish.
MACD had a bullish up-cross during 4Q15, however after some consolidation, +ve expansion of the histogram was delayed until mid-Q1. Currently the histogram is at its highest level (0.475) rising since the up-cross. These are bullish signals.
Stochastics formed bullish higher-lows since becoming oversold during mid-Q1. Currently rising within the bullish continuation region (95.52). These are all bullish signals.
IMO bullish over the next 6 - 12mths. DYOR.
MIN Price Action
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Last
$52.54 |
Change
0.930(1.80%) |
Mkt cap ! $10.32B | |||
| Open | High | Low | Value | Volume |
| $50.66 | $53.58 | $50.56 | $106.4M | 2.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $52.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $52.59 | 9630 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |