IBG 7.14% 1.3¢ ironbark zinc ltd

As we said earlier the Zinc bulls have had their run and Zinc...

  1. 881 Posts.
    lightbulb Created with Sketch. 18

    As we said earlier the Zinc bulls have had their run and Zinc clearly is unwinding to 80c/lb.

    The head and shoulder pattern is running it's course and is almost complete.

    The last of any price action between $1.10~1.20 is being done right now and the last of the sellers will release into these false stock levels hitting so called 'tightest stock levels' in years. Come the next few days/weeks we will see the 100~200K of inventory dumped back into LME stocks and this will break the back of any buyer and the Zn price will rapidly drop to 80c...........

    As you I am invested in IBG and I do not want this to happen, but history repeats and it's clear as day.

    Good luck and hold tight.....pls DYOR


watchlist Created with Sketch. Add IBG (ASX) to my watchlist
(20min delay)
Mkt cap ! $11.96M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $12.46K 912.5K

Buyers (Bids)

No. Vol. Price($)
4 1460375 1.2¢

Sellers (Offers)

Price($) Vol. No.
1.4¢ 784115 3
View Market Depth
Last trade - 13.41pm 23/09/2020 (20 minute delay) ?
IBG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.