IXR 3.85% 1.4¢ ionic rare earths limited

IXR Charting & T/A, page-9

  1. 3,909 Posts.
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    I use trading view as i find it a little more intuitive and seem to have better accessibility. This is free, and compatible with IOS.

    I also have the package IRESS through commsec.

    You're correct with the fib sitting around 1.1c. Trouble with fibonacci sequences on micro-cap is a trade or 2 move the pip and dilute the bounce. hence why i haven't represented it here.

    though if you were to consider the retrace from 1.5c to .4c the 61.8 fib is around 1.1c.
    The 1.618 break target is 2.2c. (Break of 1.5c see's that fib target in play)

    Chart below for visual. I don't like how it matches up hence i'm not displaying it.
    IXR fib.PNG
 
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