I've never traded Roku, but saw the chart earlier and noticed a possible inverse head and shoulders formation with resistance around the $44.50 mark psychological and depending on where you draw the lines. I'm going to be watching this one closely over the next few days for confirmation... as all you traders know none of this is financial advice.
Let me know what you think, this is my first post so as always trade with your own plan and use as many different indicators or data points as possible.
This is an extremely interesting week with earnings week coming up for most of the big name stocks, along with a possible double top forming if the market does keep with the bearish trend, so as always be on the look out, set your stops where you feel comfortable, protect your capital, and the charts are always helpful but we are trading probabilities and not certainties.
Let me know what you think, this is my first post so as always trade with your own plan and use as many different indicators or data points as possible.
This is an extremely interesting week with earnings week coming up for most of the big name stocks, along with a possible double top forming if the market does keep with the bearish trend, so as always be on the look out, set your stops where you feel comfortable, protect your capital, and the charts are always helpful but we are trading probabilities and not certainties.