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Roku, Inc.
Long

ROKU, a descending triangle for breakout, LONG

75
ROKU

As seen on the daily chart, ROKU is in a brief uptrend within a descending triangle. Oscillating indicators show the MACD with

the K and D lines crossing underneath the histogram and the RSI candles big and bullish with rising strength towards crossing through

the Ichimoku cloud. I see this as price action consolidating towards a breakout with 30-40% upside in the intermediate term.

Accordingly, a decent long swing setup or a call options contract. Cathie Wood seems to agree.
AwesomeAvani
Descending TriangleOscillatorsROKUtrainglebreakoutTrend AnalysisTriangleWOOD

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Descending TriangleOscillatorsROKUtrainglebreakoutTrend AnalysisTriangleWOOD
AwesomeAvani

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.