IperionX's 15min chart triggers KDJ Golden Cross, bullish Marubozu formation.

IperionX's 15-minute chart has triggered a Golden Cross of the KDJ indicator, accompanied by a Bullish Marubozu at 10:21 AM on October 21, 2022. This suggests a shift in the momentum of the stock price towards an upward trajectory, with potential for further growth. The dominance of buyers in the market suggests that bullish momentum is likely to persist.

The Australian Securities Exchange (ASX) 200 closed higher on Wednesday, driven by robust gains in the Healthcare, Materials, and Metals & Mining sectors. The benchmark index rose by 1.03%, reaching a new 1-month high, reflecting positive market sentiment fueled by specific company performances and broader economic factors.

The ASX 200's upward trajectory was primarily influenced by Telix Pharmaceuticals Ltd (TLX), which surged 16.09%, or A$2.31, to close at A$16.67. The company's impressive performance was underpinned by strong Q3 2025 results, reporting a 53% year-over-year increase in revenue, reaching US$206 million. Telix also raised its full-year revenue guidance to US$800–820 million, up from the previous US$770–800 million ASX Daily Report: ASX 200 Climbs on Healthcare and Materials Strength^[1]. This growth was attributed to the full reimbursement of Gozellix® by the US Centers for Medicare and Medicaid Services and the launch of Illuccix® in 19 European markets and the UK. Further boosting market confidence, Telix is actively advancing clinical trials in prostate, kidney, and brain cancer programs.

IperionX Limited (IPX) also saw significant gains, rising 11.34% or A$0.93 to end the session at A$9.13. Liontown Resources Ltd (LTR) increased by 8.33% or A$0.09, trading at A$1.17 in late trade. Conversely, DroneShield Ltd (DRO) experienced a downturn, falling 9.93% or A$0.56 to close at A$5.08. Capstone Copper Corp DRC (CSC) declined 4.11% or A$0.60 to end at A$13.88, and Graincorp Ltd (GNC) was down 3.90% or A$0.35 to A$8.63. Overall, rising stocks outnumbered declining ones by 700 to 531, with 367 remaining unchanged.

The financial sector contributed significantly to the market’s positive performance, rising 1.32%, driven by gains in the big four banks. Commonwealth Bank of Australia (CBA) increased by 1.8%, Westpac Banking Corporation (WBC) gained 1.6%, Australia and New Zealand Banking Group (ANZ) advanced 0.9%, and National Australia Bank (NAB) rose by 1.5%. This upward movement was influenced by the Reserve Bank of Australia’s (RBA) cautious stance on interest rates. The RBA’s September policy meeting minutes indicated no immediate need for rate cuts due to persistent services inflation and stable employment, with future decisions being data-dependent ASX Daily Report: ASX 200 Climbs on Healthcare and Materials Strength^[1].

In contrast, the energy sector was the worst performer, dropping 1.25% due to declining oil prices. The International Energy Agency’s warning of a potential supply glut in 2026 contributed to this downturn. Woodside Energy Group Ltd (WDS) fell by 2.2%, while Santos Ltd (STO) declined by 1% to A$7.11.

Additionally, the Australian Prudential Regulation Authority (APRA) removed the remaining A$500 million capital requirement on Westpac Banking Corporation, recognizing the bank’s completion of a multi-year risk transformation program. This regulatory relief further bolstered market sentiment towards Westpac ASX Daily Report: ASX 200 Climbs on Healthcare and Materials Strength^[1].

Technical Indicators and Market Sentiment

IperionX's 15-minute chart has triggered a Golden Cross of the KDJ indicator, accompanied by a Bullish Marubozu at 10:21 AM on October 21, 2022. This suggests a shift in the momentum of the stock price towards an upward trajectory, with potential for further growth. The dominance of buyers in the market suggests that bullish momentum is likely to persist .

References

ASX Daily Report: ASX 200 Climbs on Healthcare and Materials Strength^[1] https://thebull.com.au/news/asx-200-climbs-on-healthcare-and-materials-strength-telix-pharmaceuticals-soars/
(Placeholder for the source of the technical indicator information)