GRANGE RESOURCES LIMITED.

Long

Iron ore (ASX:GRR)

By AaronHynninen

Updated

Iron Ore Price: tradingeconomics.com/commodity/iron-ore
https://flic.kr/p/2m59fAj
https://flic.kr/p/2m57LSK

Note

Drew the lines wrong, slightly off. Expecting Q2 for profits.

Note

Great re-entry opportunity @ $0.555:

snapshot

Note

Price is pushing through the ascending triangle (touched $0.82), there's still a possibility for retracement (~$0.55 area) if it doesn't stay above 0.85c

snapshot

Note

Price is rising faster than expected & heading torwards $0.96. It could definitely reach the take profit zone by Q1 2021. I'm not expecting any retracement back to $0.555 before we reach $1.50 at this rate.

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