Geez, brutal day for Iris Energy Limited Ordinary Shares, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to
hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value.
Iris Energy Limited Ordinary Shares doesn't seem to be at a very clear reversal point in either direction. IREN has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. IREN might find some support at the 42.86 level, buyers might push the price back up from here. But it's not very clear what will happen.