$ROKU has held within a tight bullish channel
since last earnings
release in August. We tagged the lower trend line
earlier today and have formed into a bullish hammer candlestick
. Expecting a bounce in the near term - targeting $84 by mid to late October.
Adding to the bullish
sentiment, we saw 12k+ $60 strike (deep ITM
) Jan'19 calls traded today for about $20M in premium, a high delta bullish
bet with another earnings
release due out next month.
Note: Informational analysis, not investment advice.