$IREN earnings report boom-bust, Q4 EPS -0.74, revenue 137M, both missed expectations; the stock has dropped nearly 9% after hours and since then. This stock is now being pitched as a mining company plus an AI compute story, but the market only cares about the current numbers.
First, let’s talk levels. The price around 37 sits right on the lower edge of the prior heavy-transaction zone. Below that, near 36.5, is the 0.618 retracement level of this rebound. If these two areas can hold, I think there’s a reasonable chance of an oversold rebound. Resistance is around 39.5–40, which is the upper edge of the one-week consolidation platform before the earnings release.
In terms of execution, my logic is simple: don’t catch falling knives—wait for signs of stabilization. Either wait for the price to reclaim above 38.5 before considering a long, or wait for a break below 36.3 to find stronger support and then reassess. Set the stop-loss 5% below the entry price—this is my risk-control line. The damage from an earnings miss takes time to heal; don’t rush to play the hero.
#AI
First, let’s talk levels. The price around 37 sits right on the lower edge of the prior heavy-transaction zone. Below that, near 36.5, is the 0.618 retracement level of this rebound. If these two areas can hold, I think there’s a reasonable chance of an oversold rebound. Resistance is around 39.5–40, which is the upper edge of the one-week consolidation platform before the earnings release.
In terms of execution, my logic is simple: don’t catch falling knives—wait for signs of stabilization. Either wait for the price to reclaim above 38.5 before considering a long, or wait for a break below 36.3 to find stronger support and then reassess. Set the stop-loss 5% below the entry price—this is my risk-control line. The damage from an earnings miss takes time to heal; don’t rush to play the hero.
#AI
