Looks like it is retesting a resistance trend line, and if it can break through and show relative strength as other tech stocks, then this could pierce through to retest ATH... then, up to 200-220-230-240 areas...
As a "bear" of 2020, this market is so out of wack imo, but if you're confident in buying, this may be a great time to invest in ROKU with a nice trailing hedge. It may just be ~140 with initial pop up, but then once it has shaken out loose hands, I would expect this to continue soaring up (as mentioned above to retest ATH) and then as far as the bulls can push it... likely running out of gas around 240, max.
Let's see folks!
As a "bear" of 2020, this market is so out of wack imo, but if you're confident in buying, this may be a great time to invest in ROKU with a nice trailing hedge. It may just be ~140 with initial pop up, but then once it has shaken out loose hands, I would expect this to continue soaring up (as mentioned above to retest ATH) and then as far as the bulls can push it... likely running out of gas around 240, max.
Let's see folks!
Comment:
UPDATE: If this can break through 160 and hold, then PT is 235! Tons of potential for this one, and monthly looks incredibly bullish and supportive of this PT... may rocket up and then see typical waves to build support and then quickly surge higher... regarding timeline for this -- not long, but ofc political events could easily trigger sell-off (and this goes for the entire market)
Comment:
Will be watching how this opens on Monday, but it looks good so far... check out price action vs. my line... if it can stay up, then it should soar in near-term... ofc this is in combo with the "irrationally" bullish sentiment in markets... best of luck to any trading!
p.s. If it helps, Roku has released a great new app! Expecting more original content in the mid-to-longterm too... *rumors likely to come*
p.s. If it helps, Roku has released a great new app! Expecting more original content in the mid-to-longterm too... *rumors likely to come*
Comment:
We're looking for a break and hold through 174 as a more clear buy signal... it WILL jump big time if this happens. Be overly cautious, but greed may win with this one -- may beat the market-wide correction, as it should imo (same with DIS)
Comment:
So far, so good! Positive price action continuation (with reference to Daily chart) would be another breach through this new top trendline (around 160) and then also through top Bollinger band (around 166), and then retracement of new top trendline (so, now in the low 160s), and then finally up to retest previous high... the 174 mark being the "BUY BUY BUY" signal for "forever bulls" and MM's... through here, we're to expect a nice pop up to 220s-230s! Let's see what happens!