Allen_Kyle
Allen_Kyle
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avatarAllen_Kyle
10-25 13:49

$IREN ($24.91) Seller Exhaustion Signal: Why Friday's 41% Volume Drop at the $24.86 Floor Sets Up a High-Beta Reversal

$IREN Ltd(IREN)$ took a 21% beating over the last 5 sessions, flushing to a $24.86 52-week low on Thursday on massive capitulation volume (66.75M shares). Look closely at what happened on Friday (Oct 23): price re-tested that exact floor ($24.88 low, closing at $24.91), but volume contracted by 41% down to 39.06M shares. In Volume Spread Analysis (VSA), re-testing a climax low on sharply declining volume is a textbook signature of supply exhaustion. With a 5GW power pipeline, a live Microsoft contract, a J.P. Morgan double-upgrade to Buy, and a 4.27 beta, $IREN moves fast once supply clears. Here is the full technical map for the week
$IREN ($24.91) Seller Exhaustion Signal: Why Friday's 41% Volume Drop at the $24.86 Floor Sets Up a High-Beta Reversal
avatarAllen_Kyle
10-24 08:28
$Alphabet(GOOGL)$: Can Cloud Growth And AI Spending Change The Stock's Direction?
$Vanguard S&P 500 ETF(VOO)$ currently trades around $680.96, consolidating after touching its 52-week high of $699.15. The fund is navigating a minor short-term consolidation phase, trading just below its 50-day moving average of $682.80 while remaining comfortably above its long-term 200-day moving average near $648.70. The 14-day Relative Strength Index (RSI) stands at 42.3, positioning momentum in neutral territory without signals of being overbought or oversold. Immediate short-term support has formed around $676.00–$678.00, while primary overhead resistance remains firmly anchored near the $696.00–$699.00 price band. watchlist $Micron Technology(MU)$
$SpaceX(SPCX)$ Is This Surge Sustainable After Earnings? Beccause it gapped up over +11% to ~$165 following its blowout Q3 2026 earnings print. The rally is anchored by massive operational top-line inflection and significant segment margin expansion.
$IREN Ltd(IREN)$ is currently trading around $38.89, pulling back roughly 11.4% today as part of a wider crypto and tech-infrastructure consolidation. Intraday price action saw a range between $38.89 and $41.16, placing the stock roughly midway within its wide 52-week band of $16.66 to $76.87. Chasing intraday pops in a high-beta ticker undergoing major structural business pivots presents substantial execution slippage. The pragmatic strategy dictates holding off until price action establishes a clear multi-day support floor rather than stepping in front of active selling pressure.
We have to talk about the absolute madness on $Micron Technology(MU)$ because it just pulled off one of the most legendary earnings beats in semiconductor history. The stock flew over fifteen percent after hours and closed Friday sitting right around 1213.56, briefly pushing its market valuation past Meta and Tesla. They reported a staggering three hundred and forty-five percent surge in year-over-year revenue, and management confirmed they locked up sixteen non-cancelable strategic customer agreements for their high-bandwidth memory chips. Some analysts are already chasing the tape, lifting price targets to two thousand dollars, while the perpetual bears are screaming that this is the absolute peak of a classic boom-and-bust cycle.
The structural debate around $Opendoor Technologies Inc(OPEN)$ remains structurally pinned to macro monetary policy and the broader freezing of the domestic housing market. Prop traders and institutions are tracking whether this platform can successfully pivot into a lighter asset-backed model or if it will get crushed by the sheer weight of its physical home inventory. A recent high-profile research update from Alliance Global Partners establishing coverage with a Buy rating and an aggressive $8.00 price target injected some temporary life into the bull thesis. However, larger multi-strat funds are remaining safely on the sidelines, waiting for undeniable proof of contribution margin expansion on the tape before they willingly commit major balanc
$NVIDIA(NVDA)$: is pressing right against the critical $225.00 pivot zone after defending the $208.90 higher-low support floor. Following weeks of range compression between $212 and $224, institutional buyers absorbed sell-side liquidity, setting up a potential Volatility Contraction Pattern (VCP) breakout.
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$Opendoor Technologies Inc(OPEN)$ tape is moving way too fast this morning to play guessing games. Total range expansion popping the stock eighteen percent from yesterday forty-six-two close right through the $5 block. If you did not catch the initial micro-second squeeze off the open, your execution window here is very thin. Do not sit here and chase a vertical five percent candle in the dead middle of a standard midday liquidity pocket. I am sitting flat and letting the algorithms finish matching blocks near five point zero six. Looking for an aggressive tape deceleration against five point one five to scout a scalp entry, otherwise I will wait for a structural backtest. $SpaceX(SPCX)$

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