IRWD Great Long OpportunityIRWD 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
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About Ironwood Pharmaceuticals, Inc
Sector
Health Technology
Industry
Pharmaceuticals: Major
CEO
Thomas A. McCourt
Website
ironwoodpharma.com
Headquarters
Boston
Employees
219
Founded
1998
ISIN
US46333X1081
Ironwood Pharmaceuticals, Inc. is a healthcare company, which engages in the development and commercialization of Gastrointestinal (GI) products. It operates through the Human Therapeutics segment. The company was founded on January 5, 1998 and is headquartered in Boston, MA.
$IRWD Cup with Handle Setup$IRWD is a profitable biotech with triple digits earnings the last 2 quarters. Putting in a daily cup with handle setup.
Up/Down volume < 1 so not ideal but multiple pocket pivots coming in on this last advance could change that quickly in next few sessions.
Khan's Market Corner - KW 35 - Swing Trading Idea: $IRWDChannel-Bottom, needs to hold support.
Could rise higher with last weeks’ news:
finance.yahoo.com
Overall in a good position do move to the upper end of the channel
IRWD BullishMACD crossed and the most recent candle tested 3 fib levels to close above the .78 level.
I like that the price has closed above the descending trendline for the past week or so.
Looking for a pullback to the 13.39-13.58 to consider averaging in.
$15.24 short term target, $17ish in the medium
Trading Idea IRWD (19/7/2021) Trading Idea IRWD (19/7/2021)
Potential upward with positive momentum towards next resistance.
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
IRWD Follow the trendlineIRWD in a clear uptrend. A good entry would be right off this bounce with a stop loss under the trendline.
IRWDWeekly view. This thing has been in a box since IPO. Could possibly test the sma confluence but I think it sees $24 if/when it breaks the weekly trend line.
IRWDAbsolutely love the r/r this small hourly breakout provides. The next black trend line goes back to July 2018. See next chart for weekly view.
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