$IREN
IREN faced rejection around the $50.57/share resistance zone amid heavy profit-taking.
However, volume remains strong, and the stock has crossed above its 20-day moving average. A decisive breakout and sustained close above $50.57 could confirm the next leg higher.
For now, the bulls need to keep applying pressure to weaken the resistance.
#NFA
IREN faced rejection around the $50.57/share resistance zone amid heavy profit-taking.
However, volume remains strong, and the stock has crossed above its 20-day moving average. A decisive breakout and sustained close above $50.57 could confirm the next leg higher.
For now, the bulls need to keep applying pressure to weaken the resistance.
#NFA