Short ROKU CMP $180.41. Price continue to fall for $ROKU. After my recent short target $205 area achieved, I think stock has more room to go down and is heading towards $160 area where it started it's major run. MACD turned negative and it's trading below all the major moving averages. Short target of $160 area in coming days. Various support and resistance are marked in cyan color lines. Setup is invalid if it trades above 20 SMA price level.
Trade closed: target reached:
Beautifully executed short trade. Target reached