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Grange Resources Limited ASX:GRR shares price is currently trading above 11 weeks high. The prediction shares price target short-term around 11.64 per cent to $0.985 ,medium-term 22.84 per cent to $1.075 and long-term 44.91per cent $1.270. Iron ore futures traded in Singapore rose 2.59 per cent to $US108.85 a tonne on the January 2023 contract.
Grange Resources Ascending triangle breakout indicating a trend reversal. Bullish signals: Clear breakout above resistance @ 0.855 MACD trending upwards since September and has risen above histogram 0 point. SP has risen above 50MA and recently bounced on it Strong RSI momentum Bearish Signals: RSI indicating stock is now overbought Yellow downtrend line. Best...
A recent market favourite GRR is a bit all over the place lately. Its dropped back again to a pretty solid support area after todays quarterly report. Hopefully once the market has digested the news we might see another move back up. One to watch.
Iron Ore Price: tradingeconomics.com flic.kr flic.kr
Iron ore prices are rising again, and GRR has started to pick up buyers again. Good fundamentals should see this test 60c again on the back of Iron.
GRR closed below the 50d MA today and has been sold off over the last few days on volume. This may be profit taking before EOFY, or investors recognising that iron ore prices are reaching a top at these high levels. Good buying opportunity in 40s.
Price action wise it is good. the only opposer is Stoch which is over-bought.
One of those stock on the ASX I have had my eye on for a few weeks now. With the initial breakout of the range in January 2019, we have see a pullback as the wick of the candle drove in the buy zone on medium but declining volume. Since that we have seen a steady trend starting with key bars printing followed by small pullbacks(see blue arrow). The Ichimoku...
multi-month breakout. Upside potential of 45-50c longer term . Strong bullish trend with MACD cross and strong RSI signals.
Grange Resources Limited is an Australia-based company, which owns and operates iron ore mining and pellet production business located in the northwest region of Tasmania. The Company operates through the segment of exploration, evaluation and development of mineral resources and iron ore mining operations. The principal activities of the Company include the...