IBG trade ideas
Possible IBG Long Position!!ASX:IBG
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.045
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.045
Target 2 @ ....
Risk/Reward @ 1.3.5
Happy trading :)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible double bottom formed, This low MC ASX Zinc stock looks to have formed a double bottom on the weekly with volume having dried up at a previous SR line. Strong possibility for a uptick over the next few sessions. Overall Zinc market is bullish with $NCZ a notable success recently.
Key #Zinc project numbers
www.proactiveinvestors.com.au
- Net present value: US$1.034 billion (US$909 million post tax);
- IRR (internal rate of return): 36% (35% post tax);
- capital cost: US$514 million;
- 3.3 million tonnes per annum mine rate/ production up to 200,000 tonnes per annum zinc metal;
- site cost: US$0.52 per pound of zinc (payable, net of by-product credits)
- mine life: 14 years (open ended and with further inferred resources that could potentially be converted to reserves);
- life of mine revenue: US$6.36 billion; and
- life of mine operating costs: US$3.03 billion.
ASX:IBG
