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 analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Note
Return move towards R1 and rebounded
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.