ILU 0.83% $5.95 iluka resources limited

Hi HotcoppersA couple of days ago I went long on ILU (heavily...

  1. 68 Posts.
    Hi Hotcoppers
    A couple of days ago I went long on ILU (heavily leveraged), as my research on the fundamentals suggested that ILU had been oversold. Some technical indicators also suggested that ILU may now be on the way up after dipping into the 11's.

    My question is how much downside do you guys see? Could we see 11's again from here? Could we see lower than 11's?

    If there is a real risk of ILU heading back towards 11 I will be tightening my stops. If not I am prepared to ride out a short fall before it starts heading north again.

    Any comments appreciated.
 
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Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
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