INR 3.03% 16.0¢ ioneer ltd

Ann: ioneer Successfully Produces Battery Grade Lithium Hydroxide, page-48

  1. 452 Posts.
    lightbulb Created with Sketch. 101
    Its not possible to tell yet Kevo. Today's and Friday's trading indicate that a beautiful base price of between 33.5-35c is no problem for investors to justify, give or take half a cent.
    More relevant to your question, I'll say confidently that it's definitely not in a regressive phase and on the charts it's bullish, but in saying that it's still 2.5wks away from competing it's 8-wk hold period so this steady pace is par for the course (8-wk hold pattern).
    Its therefore no surprise for it to be steady or still rise by another 10-15% over the next 2-3 wks.
    Everyone is waiting for more sensitive news to be able to push it into the mid 40's - 50's.
    I don't think it will go there without that news.
    There's so many factors in play that will contribute to your own confidence.
    I can only say personally that I'm mainly analysing the technicals, while you and others need more price sensitive fundamental info like we got last week, in order to feel as confident as I do with the technicals,, if you get me.

 
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