On the 3 month chart below, you can see that most of the selling is happening at 27c.
So I think we can deduce that the seller is happy to take 27c for their shares, and not very keen to sell them below 26c.
Hence 27c is a key level IMO. When the seller stops hitting orders at 27c, I would take that as an initial bullish sign.
The second resistance level appears to be 29c. Unmolested orders at 29c would be very bullish IMO, but would likely be accompanied by heavy capping at 30c as final accumulation takes place.
MACD and RSI slightly positive. A sign of accumulation?
IRN Price at posting:
22.2¢ Sentiment: None Disclosure: Held