TradingView
ZarethKnyght
Sep 21, 2018 11:59 PM

Bullish on ROKU with short term target of $76 Long

Roku, Inc.NASDAQ

Description

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.
Comments
ZarethKnyght
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.
ZarethKnyght
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.
ZarethKnyght
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.
More