IRIS trade ideas
IRIS is playing around its base zone If it respects to the trendline and base (RBR zone) the potential for the price to climb up is high.
SUPPORT AT 0.375Supply zone looks good. Low volume indicates bear trap. Resistance at 0.410.
MACD showing sell momentum is reducing.
Trading Idea IRIS (04/02/2021) Trading Idea IRIS (04/02/2021)
- Buy at support (EMA50)
- Target and stop-loss as drawn
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
IRIS - monitor Which demand zone will hold major uptrend for continuation IRIS stock.....
Just wait daily candle become smaller and smallerzzzz
IRIS 2/2/21Buffer Line = 0.305-0.32
Risk & Reward Ratio = 12.4
SL = 0.28(8.2%)
TP = 0.62(101.64%)
Target Swing 3-6bln
IRIS stil valid?I think IRIS is rebound after pullback to MA50. But the volume is not enough. Need to monitor if its can go higher and break after ATH.
Good luck!
IRIS - Re-entry setupIRIS has made a significant advances since 2014 - Mar 2020 collapse, trading above significant resistance at 0.24, bounced off 50% of the advances and recently broken through the downtrend line from Aug 2020 and resistance level at R1. We target the share could climb up to Fibonacci 1.618 at 0.69. Exit below key support at 0.25.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
boing boing boingIRIS looks promising, just yesterday the candle sits nicely on the support and today, BOOM! skyrocketed. but this is just a thoughts and maybe worth to be look into.
IRIS - 4H updateFYI
- retrace MACD has reach max. crossover for bullish uptrend.
- AD-L is inclined towards EMAs
- Mean Analyser provided good & significant result
IRIS - is worthy to hold?PP.2 indicates the buy signal at 0.385 which approve that AD line is going downtrend after MACD successfully breakout. AD-line still is far from EMA-200 line which giving a good sign the price hold at its best and will not be fell far from PP.2.
IRIS AnalysisTechnical Anallysis
0.335 resistance breakout with large volume
EMA wave indicator still low. Could be initial stage of uptrend continuation
RSI moving towards overbought area
MACD above centerline
Trading Idea
Beware of false breakout
Entry price 1(low risk): Try to collect around 0.340 after retrace
Entry price 2: 0.350
Cut loss : 0.330
TP1: 0.380
TP2: 0.400
TP3: 0.430
