INR 8.33% 13.0¢ ioneer ltd

hey Cueball.As far as the current position of INRs benchmark...

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    hey Cueball.
    As far as the current position of INRs benchmark support and resistance lines go,
    INR is in new territory and has uncapped upside potential due to current All Time High levels..
    So the upside benchmark is it’s ATH I suppose.

    On the low side (Support)
    it has one fairly immature benchmark price to fall back on at 77.5c.
    That is where the price has resisted closing at lower levels traded throughout the day in the past and the candlesticks on these days (see chart) appear with a long downside wick.
    The important feature in these days is that the candlestick body’s show a price rally before closing at a higher price.
    That price is approx 77.5c on several occasions.

    This is the lowest of 3 pseudo-support lines between 77.5, 80. & 81.5c.

    So although the data is young, the Market has revealed that it has confidence above +77.5 any day of the week.

    See the ORANGE dotted line for the 77.5 line and relevant candlesticks that it touches - creating the support price.

    https://hotcopper.com.au/data/attachments/3899/3899654-9b680a7ec59dfc110bd2a42cd98174a2.jpg
 
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