Will IRNT fall to its support level of $0.30, or will it drop even further, at $0.25?

AAATrade Team AAATrade

Today’s instrument is the IronNet, a global cybersecurity company, traded in NYSE exchange under the ticker IRNT.

Looking at the IRNT’s chart, we can see that it was lastly traded close to its support level at around $0.32.

Today IRNT is announcing its quarterly earnings, and if the market’s anticipation is positive then we could expect its price to rise towards its resistance level at around $0.37 and if it is able to pass it, then it is to approach its next one at around $0.45.

On the other hand, it should fall towards its support level at around $0.30 and if it is not able to hold it above that level, then it could further drop towards the next one at around $0.25.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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