ASX:INR TO REGAIN LT UPTREND?Watching INR closely after recent bullish fundamental news regarding Ford Binding Offtake Agreement.
I have charted key levels of support and resistance as well as added in long-term and short-term trends.
Direction 1: Recently validating short-term uptrend and testing current daily resistance zon
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−0.17 USD
−7.85 M USD
0.00 USD
About IONEER LTD
Sector
Industry
CEO
Bernard Anthony Rowe
Website
Headquarters
North Sydney
Founded
2001
FIGI
BBG018KPNRB6
ioneer Ltd. engages in mineral exploration. It focuses on the development of the Rhyolite Ridge project. It operates through the North America and Australia geographical segments. The company was founded by Bernard Anthony Rowe on October 26, 2001 and is headquartered in North Sydney, Australia.
INR - Ioneer lithium due for a run?With all the small cap lithium explorers running lately (LKE, CXO, LTR), it seems like INR is being left behind. The news of the project being halted due to concerns by the authorities have been greatly overdone.
Ioneer is looking to produce lithium carbonate from its Rhyolite Ridge project in Neva
INR @ 19 Oct 2021Text me if you have any questions/comments for me.
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INR
- Previous analysis was done on 16 Sep (red arrow) -> suggested waiting for a successful rebound
- Since then, the stock created a LH and LL
- Stock rebounded off the mid-term support and successfully break out from the counter-trendline
INR @ 16 SEP 2021Text me if you have any questions/comments for me.
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INR
- Previous analysis was done on 31 Aug -> suggested waiting for retracement and successful rebound before plotting entry
- Since then, the stock flew like a rocket
- Today, the rocket’s parachute didn’t deploy -> Stock dropped almost 19%
INR @ 31 Aug 2021INR
- First time doing a written analysis on INR
- History of good uptrends that tend to last 2-3 months
- Created new all-time high today
- Price is far from the short-term support –> best to wait for retracement and successful rebound
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest to wait
INR - Trade PlanINR is a healthy looking chart making higher highs and higher lows but it may face some resistance and lookss overbought. I would like to take a buy position if it retraces lower. My Buy Zone is between $0.340 - $0.360, which is also its trendline support. I will watch price action to get long in th
INR:ASX - IONEER LTD - Low Cost US Lithium PlayIoneer has a Nevada US based Lithium and Boron project. A core mission of ioneer is to develop a sustainable U.S. based source of lithium and boric acid that can be efficiently produced and delivered to customers domestically and internationally. Lithium production at Rhyolite Ridge equates to suppl
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