1. Most Discussed
  2. Gainers & Losers
ION 93.0¢

The fall continues

  1. As posted last night though under the wrong circumstances...

    Since the 4th June almost every inicator on ION has been dropping like a rock.

    Most immediate support here looks to be $2.45 then $2.00

    Above average turnover for this stock during that time to looks to confirm some serious distribution.

    $3.18 was the high and a 61.8% retracement should see $2.44 - $2.45 provide a bounce.

    Down another 13c this morning to $2.52.

    Any thoughts ? Seems a sound enough stock. Why the selloff ?

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top