LSE:IRR   IRONRIDGE RESOURCES LIMITED ORD NPV (DI)
Ironridge Resources is a stock ive watched for a long time and I now have a long position in the stock.

We have the following confluences;

Price breakout from descending parallel channel
Breakout confirmed by Channel kiss (rejected move back into the channel - see 20th - 30th July)
Volume has dipped slightly by clearly shows rising 20MA volume - again confirming the breakout

Fundamentals are strong for the stock (positive news flow in the last 2 months - Key directors committing their future to the business / partnership with Piedmonth Lithium / Mining Journal calls it 'The most undervalued miner in london' / Fast Track of EWOYAA LITHIUM PROJECT
Comment: Taking about 30% of my trade off here - 24.00 has been resistance previously.

Stops moved to BE
Comment: Added back to full postion size, at 21.1 avg buy