IRBT - BUY SIGNAL AFTER A SHARP DROP
Outlook:
- A strong bounce after closed above daily MA200 is anticipated
- Any bounce (Wave B) will be met with strong resistance at the low of Wave 4 (114.50)
Trade plan: Wait for price action on Mon and go Long
Target: Wave B (111.18-114.50)
Stop Loss: below 96.50
Note: Every daily RSI oversold (green circle) have resulted in a strong bounce since 25 Oct 17'
- A strong bounce after closed above daily MA200 is anticipated
- Any bounce (Wave B) will be met with strong resistance at the low of Wave 4 (114.50)
Trade plan: Wait for price action on Mon and go Long
Target: Wave B (111.18-114.50)
Stop Loss: below 96.50
Note: Every daily RSI oversold (green circle) have resulted in a strong bounce since 25 Oct 17'
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