Potential outside week and bullish potential for MIN

May 2

Entry conditions:
(i) higher share price for MIN above the level of the potential outside week noted on 30th April (i.e.: above the level of $67.80).

Stop loss for the trade would be:
(i) below the low of the outside week on 27th April (i.e.: below $57.70), should the trade activate.

May 8

Trade active

UPDATE (week ending 08-May): Trade activated on Wednesday 6th May on decent volume, with share price extending towards prior potential resistance of $72.18 from the open of 03-Jun-2024 before retracing back towards the end of the trading week. Charts suggest raising protective stops to breakeven at the very least (for conservative traders), or just beneath the prior potential support (former resistance) of $67.00 from the open of 30th April to allow some more 'wiggle room'.

May 15

Trade closed: stop reached

UPDATE (week ending 15-May): Share price continued to test potential resistance during the trading week (offering opportunity to take a small piece off the table) before hitting protective stops at the end of the trading week. Well done on a decent trade, time to look for another opportunity.