An example of an ascending scallop that has completed and moved on to its more bullish phase
The PEAD projected a Neutral outlook for $IRM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
IRM printing a very bearish monthly candle having held up above the expanding channel for most of the month but then collapsing through earnings just as I said it would in the previous thread. Not considering short term shakeouts, IRM had previously seen bullish price action to follow in through the last 4 earnings but here the dominant trend had reversed to the...
IRM gap down today to break through trendline and 20MA which has lead to bearish price action previously. I'm already short this name via LEAP puts as I think this will be a major top. It didn't quite reach my 2nd entry target. Evening Star top appears also to be a Wyckoff UpThrust with declining volume. The expanding structure appears to be a wave 4 and if...
Iron Mountain (IRM) has had a 35% run in 35 days. I have indicated a Wolfe Wave formation which projects a $48 target in early May. Overlay this with a Harmonic Crab Pattern which is the basis of forming. (For purists this developing Crab pattern may not meet their more exacting criteria.) Additionally the indicator in the bottom panel suggests a forming top...
IRM looks set for a major collapse here having struck a major long term fib and falling out an ending diagonal to form what is probably LPSY. RSI divergence also confirming top. This will easily see 200 and 500DMA but I think it will go much further and will hold short positions. Not advice.
Iron Mountain NYSE:IRM is a records and information management services company. Its share price has been falling rapidly as of late hence I would like to take the the opportunity to see how I use two of my custom indicators to identify trend changes and adapt accordingly The daily chart of IRM is divided into 3 parts from top to bottom: 1. The share...
IRM showing a cup and handle pattern. A little late on this one but still means this is showing signs of a solid uptrend. The recent market activity has not been favorable to breakout traders but this setup worked and showed a breakout on 8/31 past the handle on strong volume. Only bear case here is that it is extended from the MA and would not offer a good...
IRM has just broken up from a Cup & Handle Formation guys! This is a continuation pattern if the trend prior to this pattern was "up". The cup's formation should preferably be at least 1 to 6 months in duration. The "cup" was a mere 23.8% fib retracement of the prior uptrend while the handle was a shallow 38.2 fibonacci retracement from the cup's "rim" both of...
Bull IRM technical cup and handle 50$ PT thank you
I have traded options on IRM a couple of times and its now set up for entry again Oct 15th expiration ATM ($42.50) is looking good to me. Will grab options after the open.
It looks like the stock is going to make a very bullish breakout from a 14 year range. Today it closed at a ATH and on very good volume . Tomorrow this will surely be a top watch for many breakout traders.
Long IRM Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the...
On the Weekly time frame we can observe that the candles are hitting the upper channel with a strong bull exhaustion. The Stochastic Momentum Index an the MACD on a Daily time frame are showing a bearish sign. I think we are going slowly in a distribution zone with sideways movements .
recent golden cross Made a nice run on earnings Bought calls Feb 23 and sold them Feb 24 for 50% gains Working on a repeat play today Buying April 16 $35 ($1.3) strike at the open and the April 16th $32.5 ($2.5) strike at the open with the assumption that this may run a bit and then pull back. It was relatively strong in yesterday's fall. I let the trade come to...
The first real estate investment trust, or REIT, on this list, Iron Mountain specializes in storage and information management services. The company claims to store and protect $18 billion in assets from more than 225,000 organizations globally. IRM's legal structure as a REIT allows it to avoid double taxation. It must pay out 90% of taxable income to its...
IRM missed its earnings and is showing weak price action. Oscillators suggest a sell and so does tradingview.