IXR 11.1% 1.0¢ ionic rare earths limited

OVL Chart, page-58

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    OVL daily 4.PNG

    Daily chart:
    Shows last 4 bollinger squeezes - each time it broke out upwards.
    Probably a few more days trading before it either breaks upwards or downwards.
    Still above 200EMA with all the other ones now converging.

    Looking to weekly for a longer term view

    OVL weekly 7.PNG

    Displayed those 4 bollinger squeezes.
    last 3 have coincided with the slow stochastic's crossing.
    2/3 of them we're when it was oversold.
    3/3 of them had a MACD cross shortly before or afterwards - Current MACD strength growing.

    IMO looks like it's going to bounce soon and up.

    *disclosure: I am long but will take profits at 1.5c if it doesn't push through and free-carry.

    SF2TH
 
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