ION 0.00% 93.0¢ ion limited

The fall continues

  1. 10,605 Posts.
    lightbulb Created with Sketch. 26
    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 ?
 
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Currently unlisted public company.

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