Friday’s Rabbit Hole
April 16, 2021 Leave a comment
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
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