##{"id":56674,"date":"2010-05-28T10:30:14","date_gmt":"2010-05-28T00:30:14","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/05\/28\/wizard-flags-possible-bottom-for-resources\/"},"modified":"2010-05-28T10:30:14","modified_gmt":"2010-05-28T00:30:14","slug":"wizard-flags-possible-bottom-for-resources","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/05\/28\/wizard-flags-possible-bottom-for-resources\/","title":{"rendered":"Wizard Flags Possible Bottom For Resources"},"content":{"rendered":"<p>\n\tYesterday may well have been the day the Australian resource sector found a bottom, the Tech Wizard suggests. Big guns BHP Billiton ((BHP)) and Rio Tinto ((RIO)) put in a solid performance and they, and other smaller miners, closed the session well bid.<\/p>\n<p>\n\tThe Wiz draws special attention to the following chart for mining and energy engineering service provider Monadelphous ((MND)). The last time Mona hit the $12-13 range it found a bottom before rallying to new highs.<\/p>\n<p>\n\tThe next few weeks are crucial for a lot of resource stocks, says the Wiz, as most of them are at similar critical &nbsp;levels of support.<\/p>\n<p>\n\tNote that the Wizard saw these portents in his bubbling cauldron late yesterday, oblivious to the Wall Street rally that was to come.<\/p>\n<p>\n\tOr was he?<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/MND.jpg\" style=\"width: 600px;height: 424px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the big diversified and smaller miners closing well bid yesterday, the Wizard believes a bottom may have formed. Watch Monadelphous.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[23,89,88,37],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56674"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56674"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56674\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}