Roku has been bouncing between this range for about a week now since ER. Oversold on the bollinger Bands but will need to check the RSI as well to confirm a true overbought signal across the board. At the very least, I am expecting ROKU to test the upper level of this range @ ~152 in the following days and potentially break to the upside. This is a weird company to trade right now. theres something off about the way it has been trading since ER so do your own DD. THIS IS NOT FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR.
Comment:
Upon posting, I can also see that the RSI is in fact confirming an overbought signal in conjunction with the bollinger bands
Comment:
Regardless, be careful. As I mentioned, something feels weird. Something is lurking in the shadows over at Roku Inc.
Trade closed manually:
sold at 165.23 after an agonizing 2 weeks of bag holding. done with roku for a while haha