EarlHoldings

GRR profit taking may push down into 40s

Short
ASX:GRR   GRANGE RESOURCES LIMITED.
GRR closed below the 50d MA today and has been sold off over the last few days on volume. This may be profit taking before EOFY, or investors recognising that iron ore prices are reaching a top at these high levels. Good buying opportunity in 40s.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.