ErnieGains

ROKU Short

Short
NASDAQ:ROKU   Roku, Inc.
On the daily chart, ROKU shows a bearish divergence. IMO I still feel like the price can still push up to the $77 area which is a strong resistance. Once the price gets up to that area, there is a high chance it will drop down to the $54.5 area. Although I might be bearish for ROKU, the price could also break the high and set new price levels. The next couple of days will be crucial.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.