TM Editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Photo by Maxim Hopman on Unsplash
 

Today’s instrument is IronNet, a global cybersecurity company, traded in the 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.

(Click on image to enlarge)

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