iRobot $IRBT was consolidating for a bout a year from mid-2017 to mid-2018, and then took off. The daily chart below shows the sharp bullish breakout from the year-long consolidation. It also shows the sharp pullback after price came up to almost $120 a share in August.The current correction started before the general equities market, and was probably dragged down lower due to the general market risk. However, as the general market lightened up this week, IRBT also rebounded. I think IRBT is showing resilience and avoided the bearish outlook. Meanwhile, it has already gone through a sharp bullish swing in 2018, so it might spend some more time in a period of consolidation that would go into 2019. These considerations suggest we should assess IRBT as Bullish-Neutral. IRBT Daily Chart(click to enlarge)Bullish-Neutral:- After a few days of challenging the 200-day simple moving average (SMA), IRBT eventually climbed and stayed above it. This price action suggests the bullish outlook.- But as we noted, IRBT and then the general equities market have been in consolidation mode, and we should probably anticipate a longer time-span for this consolidation.- So, we should look for resistance.Key Levels:- The near-term resistance is at $94.50-$95 area. - I think price will retreat here, but we immediately have support in the $88-$90 area. - A hold above $88 would suggest further upside in the short-term.- But I would limit the bullish outlook to the $100-$104 area, which is the bottom part of a previous triangle consolidation. - If there is expectation of further consolidation/correction, we would also want to monitor the RSI as it approaches 60. - If it turns down from 60 and price is still under $104, we should look for another bearish attempt towards 80.