INR 2.44% 21.0¢ ioneer ltd

It's fundamentally stupid to make charting predictions based on...

  1. 452 Posts.
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    It's fundamentally stupid to make charting predictions based on little evidence or hype so I will point out, with a founded explanation, that if this present and young sideways trend continues (around this price) another beautiful base will form over the next 10 days or so, which sets INR up for another cup with handle formation. It is typical for this to occur throughout an 8-Week Hold trading pattern, so it's worth keeping the potential for it to happen on our radars. Several beautiful bases can occur, and must occur, for high growth and to avoid a rapid correction. For this reason INRs long term growth is currently well positioned.As it stands we've had two consecutive cup with handle patterns develop over the last 2 months, followed by excellent and inevitable price growth. Cup with handle patterns are almost always a forecast of high growth and a beautiful base happens to be the second stage of their formation. We are part way into stage 2 of the third beautiful base and stage 3 signals inevitable price growth. Keep watch for price fluctuations of between 28c - 33.5c. put it top and centre on your radars, for the confirmation of coming price growth up to 36-38c.
    Last edited by aysxtrader: 08/01/21
 
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