Elpidaldo

ROKU: IS THIS WHERE WE GO UP AGAIN?

Long
NASDAQ:ROKU   Roku, Inc
ROKU:

Weekly chart currently sitting on the 200ma.
At historical support-resistance zone.
Demark Sequential Buy 9 daily.
RSI a bit oversold on weekly. Bullish divergence on daily.

Are we bouncing here or do we keep going down?

Whatever is it, I like the good risk vs reward long entry here.
You might argue that we're going against the trend and you're right, however he odds favour the bulls.

Long term investment, swing or short term trade? Your choice.

Stop around 155.

Trade safe!
Comment: The support is holding for now. So far so good
Comment: falling with Netflix...
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