IRIS - a cup of coffee (minus handle)
In H4 chart, we observed cup and handle pattern and a possible 34% upside. MACD,Sto,RSI didn’t indicate any bullish signal. We believe the handle pattern will continue building along the channel, before testing resistance @ 0.375. Safer entry is to let the price close above EP price for a smoother upside.
EP 0.380
TP 0.425, 0.450, 0.495
SL 0.345
RRR 1:3
IRIS is a heavy stock with large float (50% float of 2970M shares), similar to its close sector competitor DSONIC (50% of 2700M shares), which could signal similar movement of price during sector play.
TAYOR
EP 0.380
TP 0.425, 0.450, 0.495
SL 0.345
RRR 1:3
IRIS is a heavy stock with large float (50% float of 2970M shares), similar to its close sector competitor DSONIC (50% of 2700M shares), which could signal similar movement of price during sector play.
TAYOR
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