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QuickTradePro
Jan 9, 2022 3:14 PM

Short ROKU CMP $180.41 Short

Roku, Inc.NASDAQ

Description

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
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