IRI Over-bought in this horizontal pattern

• Offers 15% potential between top and bottom drawn support and resistance
  
• If it makes higher highs past $3 then continue to be patient and wait for further higher highs and higher lows to confirm that it's on the uptrend before getting in for a swing trade
  
• On the weekly chart, IRI is in a down trend and is hitting the moving average line, so wait and see if it can bust through that or if it is just going to get rejected