In H4 chart, we observed cup and handle pattern and a possible 34% upside. MACD,Sto,RSI didn’t indicate any bullish signal. We believe the handle pattern will continue building along the channel, before testing resistance @ 0.375. Safer entry is to let the price close above EP price for a smoother upside.
EP 0.380
TP 0.425, 0.450, 0.495
SL 0.345
RRR 1:3
IRIS is a heavy stock with large float (50% float of 2970M shares), similar to its close sector competitor DSONIC (50% of 2700M shares), which could signal similar movement of price during sector play.
TAYOR
EP 0.380
TP 0.425, 0.450, 0.495
SL 0.345
RRR 1:3
IRIS is a heavy stock with large float (50% float of 2970M shares), similar to its close sector competitor DSONIC (50% of 2700M shares), which could signal similar movement of price during sector play.
TAYOR
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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.