The technical summary data tells us to buy IREN near 7.07 with an upside target of 9.89. This data also tells us to set a stop loss @ 7.05 to protect against excessive loss in case the stock begins to move against the trade. 7.07 is the first level of support below 8.68 , and by rule, any test of support is a buy signal. In this case, support 7.07 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of IREN as it gets near 9.89 with a downside target of 7.07. We should have a stop loss in place at 9.92though. 9.89 is the first level of resistance above 8.68, and by rule, any test of resistance is a short signal. In this case, if resistance 9.89 is being tested, so a short signal would exist.