ZarethKnyght
Long

Bullish on ROKU with short term target of $76

NASDAQ:ROKU   ROKU INC
First indicator for a bullish trend was that the 8 and 13 EMAs are above the 50 EMA . It also stayed above the 38.2% fibonacci line. That was the second indication that suggests to me that it's still moving up.

Please note that I'm still learning how to use the fibonacci properly but their levels have been matching my support/resistance lines. Only know a bit about how to use the retracement and still learning how to draw extensions.
Comment: If it drops below $72, might go down to $69 before a bounce. Watching for this week.
Trade closed: target reached: Target reached. I was thinking it would happen last week but it happen this week.
Welp, I was thinking it would hit $76 last week really. But looks like it didn't happen. Now it'll be a watch to see if it goes down before bouncing back up.
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27/09/2018: Still keeps closing higher and higher. Waiting to see if it jumps big again like it had been the past couple of months.
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24/09/2018: Held above the 23.6% on the fib. Even more importantly, closed higher than it did last week. Positive signs for continued upward trend.
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