“Every Earnings Winner Reversed Today”
IREN's earnings were poor (lowered guidance/losses) and technicals are bearish due to a channel break; key support at $29-$30, with risk of falling to $20 if broken.
Finally, IREN also had earnings yesterday and IREN not great. Absolutely got crushed on their earnings. Beat revenue expectations, but also lowered um lowered guidance and reported a lot of losses.
On this chart, you know, I'm I'm looking at a couple things. The first thing that sticks out to me really is the break of a potential up sloping channel line here. You guys saw a break test test test broke retrace and then I had a lower.