Today we’ll analyze the stock Irobot Corporation (IRBT) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Irobot Corporation (IRBT)
1- Last bearish trend was from 10.19$ (12/19/2008) to 8.95$ (12/30/2008) a 1.24$ move
2- The current bullish trend started from 8.95$ at 12/30/2008 and is currently trading at 9.59$.

3- IRBT current support level is at 9.57 which is the 50.00% fibonacci retracement of the last 1.24$ move.
4- IRBT current resistance level is at 9.72 which is the 61.80% fibonacci retracement of the last 1.24$ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Irobot Corporation (IRBT) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 8.95.
7- The Stock formed a 2$ height triangle which was broken up at 9.59, target of the pattern is 11.59.
Irobot Corporation (IRBT) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 8.95.
9- The Stock formed a 2$ height triangle which was broken up at 9.59, target of the pattern is 11.59.
Irobot Corporation (IRBT) Long term stock chart patterns for internet stock trading :

10- The Stock was resisted by a resistance line, identified by two points: 10.19 and 10.96 that was broken up at 9.59 transforming into a supporting line.

Stock Trading Conclusion:
Irobot Corporation (IRBT) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 9.72, 10.19, 10.53, 10.96, 11.59, 13.40, 13.58, 18.22, 19.20.
Stock Support levels : 9.57, 9.44, 9.42, 9.42, 9.35, 9.27, 9.24, 9.19, 8.95, 8.95,.