Second Profit Target Reached – Changes to stop loss and target

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

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January 17, 2022

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High Conviction Report | MIN.AX

In trading on Friday, the second profit target on the Mineral Resources (MIN) position was reached, and another 100 shares have been sold at $62.50.

MIN has been one of the best performing large-cap shares in the Australian share market over the last one and a half months, increasing 40.4% since the position was initially opened. The sharp increase has been driven by the recovering iron ore price and a price of Lithium that looks like it will only increase further in the short term.

Given the continued strength in the MIN share price, we will again make changes to the stop loss and the profit target.

Trade Action

Stop loss will be increased from $47.50 to $56.75

The target price will be increased from $70.00 to $72.50

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.