INR 4.55% 23.0¢ ioneer ltd

INR chart, page-67

  1. 452 Posts.
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    The cup with handle never lies.
    It always tells a tale of premium prices shares having been sopped up for weeks
    - on the chart the popularity of the premium price manifests as the Base of the cup, revealing buying pressure which is shown through Indicators.

    Then Mr. Market catches up as news disseminates ...yawn (daytraders and late-comets) and Mr. Market’s version of fair value sets in (based more on sentiment and trust amid the current International market climates).

    Once the new blood of investor takes a position a lovely wave of growth follows as they hold, waiting to realize their intended % gain.

    Ah the Cup with Handle is a wonderful thing

    As it happens, the full cycle of our 3rd Elliot
    Wave pattern is yet to play out.
    It began when we moved into the 70,s in a bouncy market and it has only just re-launched beyond that price.
    A minimum price of around $1.10 being my LONG point of view (strictly prepared for the 6 month haul).

    Last edited by aysxtrader: 15/12/21
 
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