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The Long Investor - $IREN
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$IREN is down 3% in the PM to $24 and is now in our Buy Zone... however, support has not yet confirmed, so we need to remain patient.
There’s a strong confluence level between the 200 WMA and the 0.78 Fib in between $17-$19, if the price continues this pullback to this level and support is confirmed, that would be an entry I would consider from a technical perspective.
For now, we’re watching for Wave C to complete before making any decisions and there’s no need to rush here.
Earnings are scheduled for the 5th of November.
$IREN is down 3% in the PM to $24 and is now in our Buy Zone... however, support has not yet confirmed, so we need to remain patient.
There’s a strong confluence level between the 200 WMA and the 0.78 Fib in between $17-$19, if the price continues this pullback to this level and support is confirmed, that would be an entry I would consider from a technical perspective.
For now, we’re watching for Wave C to complete before making any decisions and there’s no need to rush here.
Earnings are scheduled for the 5th of November.
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