Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Iluka Resources Limited (ASX: ILU) experienced an 8.3% drop in its share price at the time of writing, driven by profit-taking. This decline came despite the company reporting a 23.7% increase in production for the December quarter and exceeding its full-year production guidance. The sharp sell-off highlights market volatility, as investors took profits following the recent rally in the stock.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
