INTEGRATED RESEARCH LIMITED - Weekly - Technical analysis published on 01/20/2023 (GMT)

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.560 AUD remains possible. It is advisable to trade INTEGRATED RESEARCH LIMITED with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.560 AUD. The next bearish objective for sellers is set at 0.497 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.388 AUD. In case of crossing, the next objective would be the support located at 0.327 AUD. PS: if there is a bullish break in the resistance located at 0.560 AUD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.