IRBT Shorts "Sweep" in the Cards?
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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.