Sagar
I will not buy this robotics stock right now.

$IRBT.

Its industry is relatively one of the weakest today (despite a large number of peers stocks being up). Fundamentals are also poor (medium valuation with negative earnings growth), and the stock is down today (as of ~1 PM EST).

In the CUE At A Glance charts:

A) It had a massive rally after a Bullish Headwind reversal and (B) recently it displayed a Bearish Headwind reversal signal at the top.

Weekly could not go up for three weeks, and the current week is forming a bearish shape candle.

Daily is creating a false upside breakout with Bearish Pressure and U-Turn.

If the daily candle closes with neutral (yellow) Traffic Light color, that may be a reason to exit or put a tight stop on an existing long position, and one may then also look for a low-risk shorting opportunity.

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Sagar
$IRBT pulled back up during the day and closed with a green Traffic Light candle.

There was no short opportunity as the candle color did not turn yellow. At the same time, the stock still closed lower though the market rallied.

One may continue to avoid buying it right now.

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