AsimMirzaTrader

IRE - Possible Breakout!

Long
ASX:IRE   IRESS LIMITED
IRE seems to be breaking out of the descending triangle with High Volume, suggesting it may be ready to go higher. We also have a Bullish Cross on the MACD and it seems that this could move higher with force. My target for this trade will be the next resistance level of $10.90, which could be a potential 6.00% gain and TP@ at $11.25 giving a potential gain of 10%.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.


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