IRBT - I'm expecting a move up. What I like:
- Half-assed inverse head and shoulders on a daily
- Start of an uptrend (albeit disorganized and choppy)
- Relative strength with the indexes down over 1%
- Holding closest symmetry support at $50.20
- Cluster of symmetry support from $47-48.33 with the uptrend line
-786 fib retracement at $49.31
- Big ass gap above
Beyond the technicals, my intuitive/dowsing approach is hinting at a short squeeze and move higher; and with 50% of the shares shorted (as I understand it), that could be F-U-N!
- Half-assed inverse head and shoulders on a daily
- Start of an uptrend (albeit disorganized and choppy)
- Relative strength with the indexes down over 1%
- Holding closest symmetry support at $50.20
- Cluster of symmetry support from $47-48.33 with the uptrend line
-786 fib retracement at $49.31
- Big ass gap above
Beyond the technicals, my intuitive/dowsing approach is hinting at a short squeeze and move higher; and with 50% of the shares shorted (as I understand it), that could be F-U-N!
Note
Hard to be long anything in a crashing market! Sorry IRBT.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.