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MarthaStokesCMT-TechniTrader
Dec 7, 2022 7:03 PM

ROKU Bottom Formation: Dark Pool Buy Zone 

Roku, Inc.NASDAQ

Description

ROKU is a good example of a high-risk sell short. The HFT gap was reversed the same day. You are looking at a Dark Pool BUY ZONE. Accumulation/Distribution confirms a shift of sentiment even as this stock turns down at a bottoming resistance level which is NORMAL and expected.

The company reports earnings for the holiday season in mid February. This makes for a common timeframe for a bottom formation's base to develop.
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