Alex_Quiroga

Bank vs. Cryptocurrency #17 (IRS)

Long
NYSE:IRS   IRSA Inversiones Y Representaciones S.A
In past publications of this series I commented that when I look Financial stocks I pay attention if
The price is below 2017-2018 highs, or The price is above 2017-2018 highs.
Look the main resistance line around 21.30 because the idea revolves around the resistance line.
now quickly from left to right focus your attention in 2018
More above in 2018 where is the price action 27.20
look the last four candlesticks 2018 (Red arrow)
resistance now is support, a price pullback testing this new support 2018

I sometimes commented about if an idea need weeks to mature, but this is not the case
because the pullback is in progress look the long lower shadows of the past weeks.

my set up is easy to undertand, clean charts, 10 year view, weekly candles,
support and resistance , moving averages, trend following.
(Red arrows) to bring the reader's attention at a certain point
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