MINERAL RESOURCES LIMITED
Short
Updated

Mineral Resources Limited medium term correction

103
-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


Note
Still looking for tighter risk as I want minimum 100 contracts for 40 basis points of risk
Note
Stop sell order placed
Trade active
Order filled @ 16.63. SL @ 17.38
Note
200DMA crossed on completion of pattern
Trade closed: stop reached
Stopped @ 17.18

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