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danbeaulieu
Jan 8, 2020 2:16 PM

ROKU - 1/8/20 intraday levels 

Roku, Inc.NASDAQ

Description

If you take a look back at my previous posts, we called the rejection area pretty well. ROKU's premarket activity isn't compelling me in either direction this morning.

Since we now have a decent amount of levels, I'm making the levels that stand out to me most thicker and whiter.

resistance

Fist resistance level I'm watching is $141.05, though I do have a minor level t 139.43. If we can get above that level, I see a brisk move towards the $145.13 area in the shaded box. My sentiment of this level is unchanged, I think it'll take ROKU some effort (volume) to push through this boxed in area.

support

Near support at $136.81, next level down I care about is 133.93 followed by 132.30. If we have a sharp pullback out of the gate those are the levels I'll be watching to hold to get long.

Comment

ROKU bouncing off one of the levels on my chart.
Comments
ogdabber
Nice chart! Where do you see this going through this week and next?
danbeaulieu
@ogdabber, Sorry for the late response. Just copping within the magenta range until we break out of it. Buy at the bottom of the range. I'll get another chart posted tomorrow. Missed today.
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