Pros: - Potential bounce off the 200MA - Great ER - Bullish Divergence forming on the hourly chart
Cons: - Potential "Double Top" pattern - Strong Bearish Weekly and Monthly candles - Handle is extending more than 50% of the cup. This may break your rule regarding this pattern.
A bullish bounce, if strong enough, could carry ROKU to $400 within 2 weeks. I'm swinging $400 8/27 Calls. I entered on 8/13 at 3:59pm lol