I think IRIS is rebound after pullback to MA50. But the volume is not enough. Need to monitor if its can go higher and break after ATH. Good luck!
double bottom done will continue enter the channel back? still uptrend
IRIS has made a significant advances since 2014 - Mar 2020 collapse, trading above significant resistance at 0.24, bounced off 50% of the advances and recently broken through the downtrend line from Aug 2020 and resistance level at R1. We target the share could climb up to Fibonacci 1.618 at 0.69. Exit below key support at 0.25. Disclaimer: The content on this...
IRIS looks promising, just yesterday the candle sits nicely on the support and today, BOOM! skyrocketed. but this is just a thoughts and maybe worth to be look into.
FYI - retrace MACD has reach max. crossover for bullish uptrend. - AD-L is inclined towards EMAs - Mean Analyser provided good & significant result
Maintain within 23.6 fibo level. Technical failure if break below 0.315
PP.2 indicates the buy signal at 0.385 which approve that AD line is going downtrend after MACD successfully breakout. AD-line still is far from EMA-200 line which giving a good sign the price hold at its best and will not be fell far from PP.2.
Entry area: 0.355 - 0.375 Stop loss: 0.340 Take profit 1 & 2: 0.425 & 0.435
Technical Anallysis 0.335 resistance breakout with large volume EMA wave indicator still low. Could be initial stage of uptrend continuation RSI moving towards overbought area MACD above centerline Trading Idea Beware of false breakout Entry price 1(low risk): Try to collect around 0.340 after retrace Entry price 2: 0.350 Cut loss : 0.330 ...
IRIS possible breakout to 0.380 can ride up to 0.45. Wait for macd golden cross retracement. not a buy call just some analysis