Lower lows and lower highs. Pullback to the trend line and possible the 50MA, then its gonna drop. Look to cover at the 200MA support and the supporting previous low ~115.
Nice! What are your thoughts on ROKU through next week? How much time are you giving this projected price action?
Noahbla
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@ogdabber, If you draw a channel from December 8th to now, you can check each of the previous bounces along that channel to be around 8 days. If it doesn't break the channel by 10 days, and is showing weak signs of breaking through the support, I would be skeptical and look on the reverse side and check to see if this is just a consolidating period for another bull run of ROKU. At that point check the support it has for an upward move, EX: a strong support forming ~127, and a close by 200MA. Then, if you chose, flatten position, wait for a breakout of the original consolidation channel. Or go full in and reverse the position.