IRE Follow Up

IRE was a long trade idea from January 31st.

When presented, IRE was $6.27 for a 24% profit since. I never thought I would be putting out a long on an Irish Bank, but the signals were there.

 Here's IRE with a nearly 6.5% gain today, note the consolidation pattern and volume above the breakout level we were looking for (more on that in a second).

 3C has looked very good during the consolidation, this is the 60 min

 And the 15 min.

 Here's the breakout level and by the looks of volume, they have moved IRE from a stage 1 base to stage 2 mark up so I'm still bullish here.

 As for a stop, this is a 2 day trend channel that has held the entire move,.

 If you are looking for something tighter, the 30 min has held the recent move up

As has the 15 min, but I wouldn't go any tighter then this.

All in all, this one has performed very well, surprisingly.