ROKU setting up a SHORT TRADE

ROKU double topped on November 14 and December 2 and then dropped in a downtrend

until 12/28 and reversed. The mid Fib levels of the retracement a drawn onto the chart

are being approached.

I look for ROKU to bounce down off the Fib Level at 52. 2 and drop to approach the SMA 200 ( Red Line)

after first crossing under the SMA 100 ( Blue Line ) and then to the POC line of the volume profile

where buyers should take over and support price. Overall three targets ( SMA 100, SMA200, POC)

and a three tier take profit scheme for a very conservative trade.