ROKU very much an inplay stock after a 5% day yesterday. Is there going to be follow up today or will buyers take a breather. If the former then look for shallow retracement and move higher. If the latter anticipate a failed bid for the highs and expect price to trade lower within a tight range See hypos of how today's session could play out
@tomasgava, certainly an unexpected move in the market. In my opinion this was largely due to an overall weaker index on the day (NASDAQ). I am learning to analyse the markets on an intraday basis and of the two hypothesis I proposed one worked out but the retracement was much deeper than I had anticipated. It would be good to share some ideas and perhaps you can tell me how you traded it and we can have a look at what you could have done differently. Sometimes we have a bias but if the broad market is weak it will pull down even the best stocks.