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

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