Friday’s Rabbit Hole

ASX listed Mineral Resources’ (MIN.ASX) stock price has gone somewhat parabolic to a point that, in terms of percentage above its 200 Week Moving Average, it is at the highest end of where it has traded over the past 12 years.

…..that’s a 200 Week, not a 200 Day moving average.

While that 200 Week Average will latently climb higher, probability increases the call for a mean reversion back to that level, or at least an attempt at one.

On a corporate front, it’s timely for the company to use this swelling of its currency (being its equity) to some benefit.

April 16, 2021

by Rob Zdravevski

Karri Asset Advisors

rob@karriasset.com.au

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: