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jacobosiason7

Bullish- Looking for a breakout

Long
Roku, Inc. (NASDAQ:ROKU)  
jacobosiason7 Updated   
NASDAQ:ROKU   Roku, Inc.
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns breakout reversal buyer support_and_resistance supply_and_demand oversold uptrend falling_wedge
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2
trendanalysis chartpattern indicator bullish breakout reversal buyer support_and_resistance supply_and_demand oversold uptrend falling_wedge
ROKU looking very interesting here- Double top played out as expected, however, ROKU held the longer-term uptrend quite nicely- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish

- Falling wedge (bullish) on shorter timeframes, Bollinger bands also squeezing (See Chart Below)
- Doji reversal right on the 200-day EMA
- RSI in oversold territory
- Buyer volume increasing relative to seller volume
- MACD cross looks to be imminent

PT1- $354.43
PT2- $357.50
PT3- $366.55

snapshot
Comment:
Price Targets 1 & 2 Reached ✅
Comment:
Price Target 3 Reached ✅
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