IXR Charting & T/A, page-1856

Nd Price (largely tracks the overall REO pricing)
key pivots and dates shown.

IXR S/P
key pivot and dates shown.




My synopsis is the IXR S/P largely tracks the REO price - which is something i've indicated for a fair while.

The REO price is currently rising from the same lows at june/jul 2021. Noting that was also when the S/P was 2.1c.

If the REO keeps rising soon shortly IXR S/P will follow.
Yes there will be intraday/intraweek swings on news - but as you can see the overall and long term movement of the S/P has pretty much tracked the REO price. So that's the driving force here.

hopefully it keep moving favourably. This is it's first positive REO movement since early Feb.

SF2TH