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jacobosiason7
Aug 21, 2021 4:19 PM

Bullish- Looking for a breakout Long

Roku, Inc.NASDAQ

Description

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

Comment

Price Targets 1 & 2 Reached ✅

Comment

Price Target 3 Reached ✅
Comments
jacobosiason7
Price Target 3 Reached ✅
jacobosiason7
Price Targets 1 & 2 Reached ✅
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