Text me if you have any questions/comments for me.
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ILU
- Previous analysis was done on 14 Sep - Suggested half entry at 10.40 levels (to manage risk) or wait for a retracement and successful rebound
- Since then, the stock has dropped more than 9% to rest at the mid-term support
- As mentioned previously, the stock has a history of strong retracements back...
ILU
- Previous analysis was done on 13 Sep - Suggested entry around 10.25 levels if missed out on previously suggested entry levels of 9.90
- Today’s price action is quite far from the short-term support
- Even though there still is a borderline 10% risk setup for entry, it is recommended to manage risk by either entering half position or waiting for a...
ILU
- Previous analysis was done on 9 Sep - Suggested entry around 9.90 levels
- Since then, the stock has rebounded off the short-term support and created a new all-time high today
- If you missed out the previously suggested entry, current price levels still present some buying opportunities
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest entry at...
I have been watching Iluka for a while and i got it at 8.85 previously and it's been going well.
It reached a high on July 30 and has been retracing and today (Aug 6) it is sitting on a support line (previously the top on June 30.
Watch the volume where i have circled. Very good volume coming in.
Recently rare earths stocks are doing well like LYC and PLS.
Business profile:
Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands. The company operates through Jacinth-Ambrosia/Mid West, Cataby/South West, Sierra Rutile, Mining Area C, and United States/Murray Basin segments. It produces zircon; titanium dioxide products of rutile and...
Iluka gapped up today on good volume after some recent direct buying in March at a higher level around $7.40. This was a good 7% bounce from lows around $7. Mineral sands continues to play a big part in construction and infrastructure building, and no doubt producers will continue to be in demand in 2021.
Before the market I was looking at ILU for a short, reason is that it hit 13 ema confirming a downward trend. with the weekly chart confirming a bearish move as well. i enter this trade on the 5 min and might hold it for couple of days, but it might bounce back tomorrow. keep an eye on it.
If it closes below, it goes to the last protection fund at 8.95 approximately.
If closing below 8.95 drops further, until approximately to 8.82 ...
At the moment it is indicating closing above the first bottom at 9.06.
In the present volatile market, ILU shows amazing volume of buyers interested in this stocks , after decent consolidation period , it broke north from $9.50 based and now formed a pendant flag at $11.45, never mind the selling pressure, there is ample buyers out there willing to push it up to $13.00 , just beware of its volatility and average true range before...
