SilentCapitalist

iRobot losing momentum

NASDAQ:IRBT   iRobot Corporation
It was only a small doodling for fun, however as I took a closer look and checked other details I come to the conclusion, that next week going to be a very important turning point for IRBT shares from a technical stand point. I want to see this share succeed, because I absolutely love their products, but based on the highlighted potential downward trend and the slowly dropping volume, I think another big drop is very likely for IRBT next week.

Unless IRBT or the US market in general get a major positive push from news, I don't think this share has any more growth potential for now.

I'm currently staying neutral on the subject and wait if the share price can break out upwards or downwards to confirm or ease my fears.