IPX 6.09% $2.62 iperionx limited

Me neither, rolling. At least, I try not to. Sometimes easier...

  1. 5,648 Posts.
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    Me neither, rolling. At least, I try not to. Sometimes easier said than done.

    2 weeks for a base @$1.80 after peaking @ $1.95 has to be the best definition of optimistic I've heard in a while! Only a week to go...

    IMHO, it needs to consolidate at or above $1.45 before moving higher. Proviso being, news dependent.

    It's tried four times to break $1.45 since Aug '21, including the Ford spike in June. Interesting to see the green 50EMA converge on the orange 100EMA from Jan to June without crossing - despite testing the 60's four times - before powering on with Ford. Possible retest of upper channel @ $1.30+, before cracking higher, but this move feels more fundamentally driven for a reset. As always, time will tell.


    https://hotcopper.com.au/data/attachments/5580/5580849-e87d73bdd4c7f068e1f47ffec4b2b7d1.jpg

    Last edited by writer: 14/09/23
 
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