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.
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.
Trade attivo:
malfunction... malfunction... iROBOT does not compute....
Classic ending diagonal breakout
watching for the dead cat bounce before selling again.
Classic ending diagonal breakout
watching for the dead cat bounce before selling again.
Commento:
Commento:
I have taken most of my position off now for a good profit.
My expectation from here is that downside momentum will slow the. Buyers will come back into the market. This will be a 'sucker' trade. It may retrace some of the decline when it dose I'll be looking for corrective price action and a lower high to short.
My expectation from here is that downside momentum will slow the. Buyers will come back into the market. This will be a 'sucker' trade. It may retrace some of the decline when it dose I'll be looking for corrective price action and a lower high to short.