mercury_rising

Roku entering DCA zone

Long
NASDAQ:ROKU   Roku, Inc
After falling 64% from its highs over the last 5 months, Roku appears to be heading into solid support. We appear to be at the bottom of a Falling Wedge ( bullish )... The tip of the wedge lands in a Supply Zone ... We have bullish divergence on the daily chart ... and we have multi-level Seller Exhaustion. On the down side, we still appear to have heavy resistance and negative pressure to work through. We could see a small bounce here, but I think it's likely that price still has a little more to drop. I think this is a good place to start averaging into a long position.


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These are my personal views and not financial advice. Please do your own research before investing.

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