IRPC : If 3.75-3.80 fails then 3.56-3.58 will be the next downside target
September 25, 2011 Leave a comment
IRPC has resistance from just 4 to 4.06, and will need a decent market-wide bounce to pass 4.06 and go on to try and close the gap to 4.16. There is plenty risk of the stock falling to 3.56-3.58 rather soon, and if that fails to hold then 3.24-2.28 will be its lower target.
If last week’s low of 390 is taken out this week use the 3.75-3.80 zone as a potential rebound zone.