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Needlez33
Aug 1, 2020 10:10 PM

$Roku to $160 Long

Roku, Inc.NASDAQ

Description

ROKU broke out of an ascending triangle and now looks like a mini ascending is forming. Unlike the big one this one seems to have some consolidating going on. I suspect accumulation (more buying than selling) rather than distribution. Roku barely beat ER last time and it swung down but this one is coincidentally taking place near the apex of the triangle. If it's good news i can see this breaking $160 and reaching $176. If it's like last quarter i think it can still hit $160. If it's bad news it will probably swing into a pullback into consolidation. We'll see but I'm long on ROKU.
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