ioneer Ltd

INR Details - ‘Speculative Buy’ Recommendation on the stock at the closing market price of $0.315 per share as of 23 June 2022

ioneer Ltd (ASX: INR) is an Australian company involved in the lithium-boron supply and has a significant project as Rhyolite Ridge in Nevada, United States.

Source: Company Reports, Analysis by Kalkine Group

Technical Overview:

Daily Price Chart:

Source: REFINITIV; Note: Purple Color Line Reflects RSI (14-Period)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

ioneer Ltd (INR) is a part of Kalkine’s Global Fully Charged Product

Note 1: The reference data in this report has been partly sourced from REFINITIV.

Note 2: Investment decisions should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the analysis has been achieved and subject to the factors discussed above alongside support levels provided.

Technical Indicators Defined:-

Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Disclaimer

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