4IRBT trade ideas
70.32 Gap FillLikely a bearish engulfing day today. Gap fill will likely happen and then hopefully some strong relief upwards.
iRobotiRobot Corporation is an American advanced technology company founded in 1990 by three MIT graduates who designed robots for space exploration and military defense. Incorporated in Delaware, the company designs and builds consumer robots for inside and outside of the home, including a range of autonomous home vacuum cleaners (Roomba), floor moppers (Braava), and other autonomous cleaning solutions.
IRBT - continuity in trend or rebound?IRBT - price of shares may continue to fall a bit, but on the other hand we are at 1st support level. There are 2 other supports where it could rebound if not now.
Is this an ending diagonal in iRobot?the Pattern since late may is either a continuation flag (running wedge) or an ending diagonal.
I believe the latter has the higher probability.
IF my assessment is correct the stock value should capitulate to around 70 which equates with a 50% retrace.
Irobot flagvery promising robotic company, now forming a flag around the 60.0 Level. Outbreak can be traded, short to the gap prefered and from there long again to next TP around 80.0
IRBT next moveam long IRBT from lower as it was braking into new highs in volume. However, pulling back to 20 or 50dma this name could be setting up for an entry shortly
iRobotDemand Zone at former resistance which should give this level extra support. Wait for a pullback to this zone to buy.
Entry: $40.79
Stop Loss: 40.09
Target 42.84
Rallystart? Big Picture AnalysisIROBOT beats analysts exspectations. This Event skyrocketed the stock to the first resistance Zone between 37,6-38$. The next days a consolidation at this high Niveau can be exspected.
Could Irobot trade above this Level, Prices round about 41,8$ could be exspected technically. ABove this Level, the next TP could be 46$. Above that Level, the uper edge of the longtermtrend can be aimed at 55$!
The stocks seems to turn bearish with Prices below 31$ (SMA 200) - than the TP would be 25$.
$IRBT Bearish setup, but! we've got earnings coming up on Oct..$IRBT
Bearish setup, but! we've got earnings coming up on Oct 21st. History has shown us that we typically get a spike up on earnings. Place your bets.
iRobot - a Bullish outlook with near term concerns.Those wishing to go long, ought to consider a rising buy order at 38.00 - this can be trailed down if and when it bounces off the 32.64 support in the impeding market correction.
It may go up from here - especially if it gets sudden attention in the press etc. - it's the kind of story media tend to love.
Thanks to @AlexIzak for highlighting this stock in a tradingview.com chat.
Just my personal analysis, obviously DYOR. I do not have a position in the underlying, would consider one in the near future.
