IRWD Has provided this tight price range, when price moves like this 'pressure' you could say builds up, eventually leading to a breakout to the upside Very bullish setup Weekly Timeframe
This indicator may be signaling that IRWD's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. Tickeron A.I.dvisor backtested 83 similar cases where IRWD's Momentum Indicator exceeded 0, and 71 of them led to a successful outcome. Odds of Success: 86%....
We see IRWD trading in an ascending cannel, yesterday left a hammer in the trend line of the channel with a really nice volume. Maybe we are late, but I would wait for a pullback to 15.85 to enter long. The first TP is in 17.7, but I will with to see it in 20. KL: 15.85 SL: 14.90 TP1: 17.75 TP2: 20.00