IRI Integrated Research Monthly

16 Jan

Monthly chart of IRI (ASX)

Long term Butterfly and trend line support zone

16 Jan

Dagangan aktif

Showing higher timeframe chart for context, we are closer to support and target completions than to any sell signals

Shorter term there are two bullish harmonic patterns here and this stock has relatively good fundamentals despite its major sell off, and I would consider it undervalued fundamentally as well as having bullish technical patterns to support this

There are two potential levels, $0.40 and $0.205 that are worth watching, ideally it will drop to the lower level to offer higher reward to risk and also oversold indicators but i suspect it is turning already...