Primarily looking for a reversal play, the drop represents a nearly 50% pullback from the 52-week all-time high.
ROKU bounced several times from this critical 220 level.
Established a respectable buying volume profile around this level, with additional support at a $200 inflection point.
The chart is curling with a cup and handle pattern forming on 4Hr chart
Holding long term trendline support and regressional channel
Fundamentally driven trade, high-growth large-cap Adtech trading at 8.4x EV/Sales NTM.
Timeframes Used: 1 Day, 4hr, 15mins
Entry: $220-230
Exit: $255 Partial, ride rest.
Stop: under $200, near 15% stop loss
ROKU bounced several times from this critical 220 level.
Established a respectable buying volume profile around this level, with additional support at a $200 inflection point.
The chart is curling with a cup and handle pattern forming on 4Hr chart
Holding long term trendline support and regressional channel
Fundamentally driven trade, high-growth large-cap Adtech trading at 8.4x EV/Sales NTM.
Timeframes Used: 1 Day, 4hr, 15mins
Entry: $220-230
Exit: $255 Partial, ride rest.
Stop: under $200, near 15% stop loss