Ingersoll Rand (IR) Chart Analysis

Charts look very similar to VMC and MLM. "Old resistance becomes new support" PRZ at $36.90 got broken. Now looking for this LIS to hold as resistance for now down as possible. Will be looking a the daily and weekly charts for evidence of buying or selling.

Weekly chart shows no buying signal as of yet. We have now fallen through all moving averages on the weekly chart. The LIS at the $44ish level is now resistance and this showed up as a blue ice failure on the daily chart.

Daily chart shows a blue ice failure at the LIS shown on weekly chart. We have fallen through all moving averages on the daily chart as well. Daily chart shows small LIS at $38 to $39 level.