3X return for MinRes by Sept 2026?MinRes has been heavily shorted during the lithium price crash, and further embattled in the media due to CEO personal activities coming to light.
Could be lined up for a hard and fast retracement.
MIN trade ideas
300% in 9 months?Fibb retracement might predict strong reversal for lithium miner Mineral Resources.
Fundamentals have recently pushed price down due to CEO media coverage.
Could be lining up for strong bounce back.
Shorts are slowly exiting the building.
Question is how far how fast for lithium prices...
Slow BleedReally like MinRes as a company and waiting for this to show signs of a bottom or a turn around.
Not currently an owner, but have alerts on this one! ASX:MIN
ASX: MIN | 18 APR, 2024 ASX: MINERAL RESOURCES LIMITED - MIN: 18 APR, 2024 | 1D Semilog Scale Chart
© Master of Elliott Wave Analysis: Shane Hua, CEWA-M.
Details: The shorter-term outlook indicates that both wave (1)-blue and wave (2)-blue have concluded, with wave (3)-blue initiated since the low at 52.52. The anticipated direction is upwards, initially targeting 75.23, and a break beyond this level would extend towards 84.03, while maintaining levels below 65.36 is a significant advantage and a strong resistance level for this perspective.
Invalidation point: 61.00
ASX:MIN TRIPLE BOTTOM TREND BREAKASX:MIN Daily TF
Waiting to see if Mineral Recourses Limited confirms the direction change & continuation.
Off a Triple Bottom and Downtrend Break, the 2 remaining things I am looking for are Bullish Momentum indicated by RSI & price to break through Resistance Zone.
This happened in a similar occurrence at the start of the year JAN-MAR.
If it fails to break Daily Resistance & Resistance Zone I am looking for price to return to Daily Support where the Triple Bottom occurred.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
asx:min possible trend lines.None of these trend lines are specific guides, just working notes in progress.
Great ASX 300 stock with Lithium & Iron OreBut I will wait on this one, might go higher but the risk at this level is high.
Coming into resistance
Negative divergence
Overbought
Going to wait for a pullback
HOW-TO: Manual Harmonic Patterns and ProjectionsHi All,
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MIN - Diamonds are a girls best friendDiamonds have a future especially now that buyers are concerned with providence.
The major swing that occurs from Oct 20 from the lows 37.40ish to the peak in Aug 21 is where I've taken my analysis from. It's a slow mover but consistent for a technical setup.
Price has hit a 61.8 Fibonacci retracement of the major swing and price is now heading up.
The 1st level to take profit is indicated by the red line of 127% Fibonacci Extention - 75.20ish of this swing.
It may double top at the previous high.
Diamonds are in demand especially Australian mined diamonds. Just my plan - do your own due diligence before you trade.
MIN.ASX_Breakdown Trade_ShortENTRY: 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.
Easy Long...Iron Ore/Lithium producer has a long mine life/very well run business, Looks very attractive at these levels for a macro long.
Australias Mineral Resources Ticking AwayMIN has been having a great upwards run over the last year. Consistently putting out new higher highs it looks like it might be a bit expensive at the moment, but it is actually travelling along pretty close to its 20 day moving average and with the recent pull back and bounce off it, it is certainly worth keeping an eye on.
A trailing stop loss of around 21% would have kept you in the trade for the year, while around 15% would have helped you through some of the rough patches.
VOX benefits from MINGEORGE TOWN, CAYMAN ISLANDS – May 4, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”) is
pleased to announce that the Company has realized record preliminary revenue of C$668,600 (US$540,000)
(1) for the three-month period ended March 31, 2021. All preliminary revenues were derived from royalties, not streams, as such, the cash operating
margin(1) was 100% for the quarter. During the quarter, the Company recognized inaugural royalty revenue from the Koolyanobbing
royalty, which is an uncapped 2% Free on Board sales value royalty from iron ore mined from the recently commissioned Altair
Pit and a portion of the Deception Pit.
Quarterly revenue benefitted from increased royalty-linked production by Mineral Resources Limited (ASX: MIN) and record iron
ore prices at Koolyanobbing, increased production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret deposit at
Higginsville covered by the Dry Creek royalty and rebounding quarterly diamond prices associated with the Brauna royalty.
Kyle Floyd, Chief Executive Officer stated: “Record quarterly revenue for Q1 represents the start of Vox’s anticipated revenue
growth through 2023 as numerous royalty assets are expected to commence production. The Company’s preliminary quarterly
revenue is in line with previously announced 2021 full-year revenue guidance of C$1.7M to C$2.5M. Vox’s organic revenue growth
is a product of the Company’s stated strategy of acquiring high quality, attractively priced royalties many of which are near term
production opportunities. Vox held one producing royalty in May 2020 and anticipates finishing 2021 with seven producing assets
based on its current portfolio of 50 royalties.”
MIN long after it broke out of twice tested highEntry: 41.42
Stop loss: 39.28
Went long after counter broke out of its twice tested high of 39.30. Would have preferred a higher volume supporting the breakout though.
$MIN:ASX - MINERAL RESOURCES - Up ~100% since mid MarchNice steady run out of Mineral Resources. They supply goods and services to the mining industry. Could be worth a look.
This time it's not differentLove the divergence on the 4h, slightly less pronounced on the daily but still there.
Combined with the downtrend makes it even nicer.
Mineral Resources $MIN.ax leading lithium stocksMineral Resources $MIN.ax leading lithium stocks. Watch lithium ETF $LIT for weekly close above 20 wk moving avg.
MIN Fibonacci, prepare entranceWe are at the end of L2, if tomorrow or after the trend turns, it will be time to buy ...
MIN MINERALRES FPO -> On FIBONACCIIf will be confirmed the end of L2 line from Fibonacci, then will start (today or tomorrow) the L3 line, which means that the asset must exceed $ 17.50 as the initial target.
Mineral Resources Limited short-28 Week Descending triangle
-Weekly Bollinger bands expanding
-Bearish 50/200 SMA cross on daily
-4 consecutive days of Doji candles being posted below boundary represents indecision
30 basis points planned
Will sell into session close if doji range is breached
Mineral Resources Limited Short-28 Week descending triangle
-Weekly Bollinger band expansion
-Bearish 50/200 DMA cross
-Daily, has posted 4 consecutive Doji candles below the boundary line, representing indecision
-Declining volume
-Measured move 10.10
30 basis points planned
Mineral Resources Limited medium term correction-25 week H&S (multiple shoulders)
-30EMA cross on the weekly chart
-Bol Band contraction on the daily at key level
-Boundary is not clean and has been breached in the past
80 basis points of risk planned likely across two tranches
