#IRR #IronridgeResources - Long-term bullish, short-term meh
Here we see a very long, very strong falling wedge pattern. Which is overall bullish. However, it doesn't look quite primed to go just yet (note the low volume on an RNS day!).
*However*, opportunities may present in coming weeks:
If it does continue to track down to the 78.6% retrace/support line - which is also a historical resistance level - then that could well be a very explosive base to finally begin trending upwards again. Suggest scaling in around that area, should it be reached, and then while maintaining tight stops look for target #1 as a nice little bagger.
*However*, opportunities may present in coming weeks:
If it does continue to track down to the 78.6% retrace/support line - which is also a historical resistance level - then that could well be a very explosive base to finally begin trending upwards again. Suggest scaling in around that area, should it be reached, and then while maintaining tight stops look for target #1 as a nice little bagger.
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