Bullish potential detected for IREEntry conditions:
(i) higher share price for ASX:IRE along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the low of the recent gap-up (4th September) of $8.80, or
(ii) below previous potential support of $8.63 from the open of 13th May.
IRE
Bearish potential detected for IREEntry conditions:
(i) lower share price for ASX:IRE along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $9.03.
Stop loss for the trade would be:
(i) above the resistance level from the open of 9th September (i.e.: above $9.36), or
(ii) above the resistance level from the open of 21st August (i.e.: above $9.65), depending on risk tolerance.
Bearish potential detected for IREEntry conditions:
(i) lower share price for ASX:IRE along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $9.10 (open from 13th December).
Stop loss for the trade would be:
(i) above the resistance level from the open of 9th September (i.e.: above $9.36), or
(ii) above the resistance level from the open of 21st August (i.e.: above $9.65), depending on risk tolerance.