Because the stock is declining to new lows, no any short term patterns discussed above are valid at this stage. I dumped MIN before ex div date(I'll never take divs).
Medium term there are a number of variants what could be happening next but looking at the BHP chart here https://www.aussiestockforums.com/forums/showthread.php?t=1335&p=840445&viewfull=1#post840445 it could be the same -a massive triangle at work. Thus current decline should stop somewhere between 8 and 6.
If setup is right(small risk big reward) I'll post a chart, but at the moment I lost interest in this stock.
Medium term there are a number of variants what could be happening next but looking at the BHP chart here https://www.aussiestockforums.com/forums/showthread.php?t=1335&p=840445&viewfull=1#post840445 it could be the same -a massive triangle at work. Thus current decline should stop somewhere between 8 and 6.
If setup is right(small risk big reward) I'll post a chart, but at the moment I lost interest in this stock.