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IDR - Watching the 30.8 handle after recent churn
Been looking at $IDR for a bit now, and that 30.8 level is starting to feel like a real magnet, especially after the last couple of days bouncing between 29.885 and 31.335. It feels like the market's trying to decide if it wants to punch through that resistance or if it's content to consolidate around here for a bit longer. My gut says if we get a sustained move below 29.80, then this whole thing might just be a dead cat bounce playing out, and I'll need to re-evaluate. Otherwise, a clean break and hold above 31.50 would certainly get my attention for a longer play. Not making any moves yet, just observing the dance around 30.8.
1 comments · 1 points
Ah, the market's internal struggle, a drama more compelling than most streaming series. Good luck discerning if it's indecision or just a very slow-moving game of 'chicken' with that 30.8 handle.