Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Bullish continuation pattern.
A clear signal has emerged for Iron Mountain (IRM) on the daily chart. The stock is trading at $127.83, up 1.91% on the day. The primary technical feature is a Ascending Triangle formation. Volume is average (0.87x avg) with moderate trend strength (1.5). A potential breakout level is identified at $131.79, targeting $142.36 with support near $121.56 (R:R 1.03).
What is your outlook on IRM?