**IREN** stock watch, pullback to 40.56 triple+ support area with bullish indicators.
Long Trade
* Target 1: 54.69 Profit: 31% Stop/Trailing Stop: 39.13
* Loss: 6.3% P/L ratio: 4.9 : 1 - Excellent
* Target 2: 57.86 Profit: 38.6% P/L ratio: 6.1 : 1 - Excellent Extreme rally
BULLISH
* \[Positioning\] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
* \[Positioning\] at support
* \[Timing\] Mild bullish 3 day candlestick pattern.
* \[Timing\] Long trade quality
BEARISH
* None
[IREN stock chart](https://preview.redd.it/7crjlju7gnth1.png?width=1161&format=png&auto=webp&s=fa4af31c597ecc121ea960ab45b65ad00e842aa2)