watching to see if it bounces strongly of the lower trend line and if there will be a death cross in the next few months or another breakout
Quick look at ASX:IXR after a big end to last week. What has happened? After a huge run up between May 2019 and October 2019, ASX:IXR topped out at $0.015. During the ensuing months, ASX:IXR found support at the 0.5 fib resistance (Support 1) which held until COVID-19 when this level turned into resistance (Resistance 1). IXR bottomed out at the 0.786...
$IXR.ASX it is setting up for move higher Ionic Rare Earths Limited (IXR, formerly Oro Verde Limited) is an Australian based company focusing on investments in the mining and resource sector. Currently IXR is focusing on its flagship Makuutu Rare Earths Project in Uganda. Fair Value Estimate 0.020c Current price 0.013c
While the overall economic picture in the US is stable, there are several hints that investors are less optimistic about prospects for the future. The US Treasuries yield curve has flattened gradually since the end of last year (and significantly since the "taper tantrum" period in the second quarter of 2013). Just look at the spread between the 2-year and 10-year...