#IRR #IronridgeResources - Long-term bullish, short-term meh
Here we see a very long, very strong falling wedge pattern. Which is overall bullish. However, it doesn't look quite primed to go just yet (note the low volume on an RNS day!).
*However*, opportunities may present in coming weeks:
If it does continue to track down to the 78.6% retrace/support line - which is also a historical resistance level - then that could well be a very explosive base to finally begin trending upwards again. Suggest scaling in around that area, should it be reached, and then while maintaining tight stops look for target #1 as a nice little bagger.
*However*, opportunities may present in coming weeks:
If it does continue to track down to the 78.6% retrace/support line - which is also a historical resistance level - then that could well be a very explosive base to finally begin trending upwards again. Suggest scaling in around that area, should it be reached, and then while maintaining tight stops look for target #1 as a nice little bagger.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.