$IRCON - Weekly Chart Analysis
Updated
A new all time high close. Stock was consolidating for a while now and have gave a strong breakout of that consolidation. It's kind a flag pattern breakout too. All the key MA's are rising too. If we draw a trend based fib extension than ideal levels it can test is 100 (~161.8%) and 114-115(200%) is which we get.
An ideal pullback to the breakout levels can be the best entry points with low risks.
Disclaimer: This is just an analysis and should not be considered a buy/sell call. If you intend to trade this counter then please do your own due diligence and trade at your own risk.
An ideal pullback to the breakout levels can be the best entry points with low risks.
Disclaimer: This is just an analysis and should not be considered a buy/sell call. If you intend to trade this counter then please do your own due diligence and trade at your own risk.
Note
~29% move in 6 weeksNote
~83% OF RETURNS IN 3.5 MONTHSNote
Our 87% winner in 8 weeks is showing strength again. 93 --> 174, ~87% gains in 8 weeks
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