Myantman101

$30 Correction Possible

Short
NASDAQ:ROKU   ROKU INC
A lot of popularity around ROKU, the stock has been on a bull run for quite some time. Having an RSI over 70 for such a long period of time, and sell signals are popping up like crazy. The last 45min segment of todays trading period can be the start of a correction. A downward bear crawl to $246 in a very short period of time. A $30 correction has happened in the past and can happen again. With growing bearish divergence and weakening buying strength, we can expect a correction to happen soon.

Comment your thoughts below if you are a ROKU bull or bear and what your prediction is. Would love to hear from all of you!

Comments

Two thumbs up...
Reply
Myantman101 Angelik30
@Angelik30, 👍👍👍 The third one is for you!
Reply
Angelik30 Myantman101
@Myantman101, Oh, Yes - Thank You
Reply
I agree with the short bro. I think at some point tomorrow will be the opportunity to buy in and while I would love to see a 30 point drop I think given all the recent newz that 15 is more likely.
Reply
Myantman101 BadChadTrading
@BadChadTrading, Yeah we'll have to wait and see, good luck!
Reply
Love it - We have a very short week - Hope it will adjust itself this week...
Reply
Myantman101 Angelik30
@Angelik30, Thank you! Starting to see it now.
Reply
Angelik30 Myantman101
@Myantman101, Yeap
Reply
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