IRI Over-bought in this horizontal pattern
- Offers 15% potential between top and bottom drawn support and resistance
- If it makes higher highs past $3 then continue to be patient and wait for further higher highs and higher lows to confirm that it's on the uptrend before getting in for a swing trade
- On the weekly chart, IRI is in a down trend and is hitting the moving average line, so wait and see if it can bust through that or if it is just going to get rejected
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