Pocket Pivot Review - IREN Ltd. (IREN) 5/11/26
| Published: | 11 May 2026 13:58 ET |
In yesterday's Weekend Review we noted that IREN Ltd. (IREN), which was reported on as a BGU Friday morning, quite extended on Friday and not in a buyable position at that level. This morning, lo and behold, the stock came right into the rising 10-dma and ran into some strong-volume support. It is currently posting a supporting pocket pivot off the 10-day line as long as it closes in the upper part of its daily price range. Proof that while initial strength is good to see, taking the opportunistic route and waiting for a lower-risk entry on a pullback is generally a sound strategy.
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