MIN.ASX_Breakdown Trade_Short Short

MINERAL RESOURCES LIMITEDASX

Description

⋅ Oct 27, 2021 5:21 AM

ENTRY: 39.25
SL: 42.49
TP: 36

- ADX>20
- RSI<50,RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Tried to rebound on 25 Oct 2021 but got rejected the next day at HVN and support turn resistance level.
- Short term downtrend to the next support level still intact with sellers still in control.

Comment

⋅ Nov 18, 2021 1:52 AM

- Shift SL: 41.73

Trade closed manually

⋅ Nov 19, 2021 1:28 AM

- Closed position at 41.40
- Trade did not went as planned
- 15 and 18 Nov 2021 shows possible buyers coming in

Comments

Izzo88

⋅ Dec 4, 2021 9:39 AM

I think now it's got some momentum could be heading to $60 a share

moneygene

⋅ Oct 29, 2021 12:57 AM

As you noted, that was a classic trap on the 25th Oct. Perhaps a recovery now is possible.

kunisagi

⋅ Oct 27, 2021 5:47 AM

I would buy around 36 with my super