Mar. 10 at 1:03 AM
$IR — the chart author put two arrows on this for a reason.
$78.01 held perfectly in 2024 and launched a 35% rally to
$105. RSI was at lows then. Ascending trendline was the floor.
Fast forward to now: price approaching
$78 again. RSI at the same level. Same trendline converging from below.
The question isn’t whether the setup looks the same — it does. The question is whether the macro cooperates.
Levels:
→
$78.01 = the line, must hold
→
$84.93 →
$86.91 resistance above
→
$92 →
$94 recovery targets
→ Lose
$78 =
$72–74 no man’s land
Industrial capex name in uncertain macro. Same setup as 2024 — different environment. Waiting for
$78 to prove itself before stepping in.
#IR #hovdid
