Iris Energy (IREN) shares of the high beta small cap Crypto/AI player are staying strong and closed above monthly value area Friday as it clears the 15 level and the recent bull flag near highs showing potential to surge to 17.50 as the next target. IREN put in a strong candle Friday after gapping down to support near the 8-day EMA at 13.50 which is an ideal entry point and engulfing higher to close at the highs. The 8-day EMA has held the trend most of the move since May and the recent pullback tested the rising 21-day EMA nicely. The stock likely wants to test the 2022 highs near 18 from here and still has the 3100 January $15 short puts in OI from opening sales on 6/25.