$IREN Very impressive run for this stock in the past week +25% 🤯
Do you chase it higher here? Im not buying more shares just yet.. A break above $49.19 is my buy more shares trigger for $IREN, but the stock has a lot of residence between now and there such as the 50 WMA..
Also, the KN for $IREN remains at $30 a share and is not budging.. What do market makers know that we don't ? 🧐
I know everyone is bullish on this stock, me posting the possibility of a pull back to $30 wont go down with many, but I share what I see and there are a few red flags in this current set up such as:
- Gap at $29 a share not filled 🚩
- KN at $30 on VEX & GEX for EOY 🚩
- Potential for a 5th sub wave lower to form a final lower low 🚩
A move above $49.19 would give me great confidence that this stock is breaking out, for now I have no pressure to chase the stock higher...
Do you chase it higher here? Im not buying more shares just yet.. A break above $49.19 is my buy more shares trigger for $IREN, but the stock has a lot of residence between now and there such as the 50 WMA..
Also, the KN for $IREN remains at $30 a share and is not budging.. What do market makers know that we don't ? 🧐
I know everyone is bullish on this stock, me posting the possibility of a pull back to $30 wont go down with many, but I share what I see and there are a few red flags in this current set up such as:
- Gap at $29 a share not filled 🚩
- KN at $30 on VEX & GEX for EOY 🚩
- Potential for a 5th sub wave lower to form a final lower low 🚩
A move above $49.19 would give me great confidence that this stock is breaking out, for now I have no pressure to chase the stock higher...
