$IREN - time to go mining

IREN - the perfect chart doesn't exist, or does it? After the substantial sell off from the July high, IREN has now retraced 50%. There is a beautiful trend line from the start of the rally to around the current level. From the start of the rally in November of 2023 to the July 2024 high, a Fib Retracement has been drawn. Interestingly enough the .618 golden ratio sits at $7.84 - only 1% away from the current price. A decent earnings report and business prospects make this the perfect time to load the boat.