Chris_Inks

IRBT D1 chart (10/29/2019 - Public)

Long
NASDAQ:IRBT   iRobot Corporation
Hats off to our member, Julio, who tipped me off to this one. Strong move down from the end of April printing a descending wedge . Two large gaps on the way down. Expanding demand volume as price dropped, witnessed by those large daily green candles. Earnings last week surprised at $1.24 when 0.49 was expected (150.51% over the latter). Bullish divergence on the RSI and MACD , and Stoch RSI has crossed bullishly and is leaving oversold as RSI leaves oversold. A break above the descending wedge resistance should have this stock looking for the uppermost supply structure EQ at the gap ($124.60). Prior to that, we can expect price to target the lower supply structure EQ , just above the gap at $87.89.
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.