Thread by @malteseinvest

Analysis: #NASDAQ $IRBT

Case 258 #iRobot Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#IRBT 1/4

Chart 1
Monthly Chart: Price peaked at 132.88 in March. 2019 and has since then lost 70% of it's value finding #support on the #Fib. 0.786 and longer #trendline support. Conditions are very #bearish, .....

IRBT 2/4

..... #resistances are strong - the #SMA 200 at 72.76, broken trendline at 81.17 and then the unfilled gap. A sustained break and close below 34.00 targets 21.60.

IRBT 3/4

Chart 2
Daily Chart: The #Strategy is printed on the image.

$IRBT 4/4