Bullish Case: IREN's alignment with the growing renewable sector, apparent in its consistent news about investments in sustainable projects, positions it for potential substantial growth with impactful technological advancements.


Bearish Case: IREN's exposure to global economic fluctuations and the high volatility in its options market suggest potential downside risks. Recent downward trends and high implied volatility indicate investor uncertainty and possible price declines.


Potential Outcomes:

1. Successful expansion in renewable projects (55%).

2. Economic downturn affecting stock price (30%).

3. Technological advancements pushing stock higher (15%).


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April 26, 2024


IREN Forecast

IREN        IREN
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











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