Buyers starting to hold higher levels ready for a run higher

Potential Buy Entry Alert to Watch MIN

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $2.9 Billion Market Cap, VWAP 15.981, ASX Ranking 126, 4 Week Av Turnover $12,057,420, Current Turnover (Intraday as at time of alert) $41,320,173.

Company Overview : Mineral Resources Limited (MIN) is an Australia based mining service, contracting, processing and commodities production company. MIN’s portfolio of market brands comprise of: PIHA, Crushing Services International and Process Minerals International; its minerals producer market brands are Polaris Metals and Mesa Minerals.

Broker Consensus : BUY


MIN – Mineral Resources Limited

MIN has been consolidating since August last year and is showing early signs that the bulls are starting to step back in to the action. We are now watching the 16.50 zone for a break and then will be on the look out for further evidence of buying strength through a higher low.

Stock Code : MIN – Mineral Resources Limited

Company Website : www.mineralresources.com.au

Current Price : 15.99

Status : On watch for potential higher low and move through 16.50