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dorfmanmaster

Roku's Fibonacci drop analysis

Long
Roku, Inc. (NASDAQ:ROKU)  
dorfmanmaster  
NASDAQ:ROKU   Roku, Inc.
Trend Analysis Technical Indicators Beyond Technical Analysis CMCSA NEWS ROKU streaming On Balance Volume (OBV) Growth netflix hulu
5
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trendanalysis indicator beyondta cmcsa news roku streaming onbalancevolume growth netflix hulu
Technical analysis
  • OBV keeps a steady uptrend, surprisingly... Since its price has dropped about 40%.

  • Fibonacci retracement has its 61.8% line at $102.

  • We are at a SMA(100) support.

  • Market moving out of growth, into value.


Moving market news
  • Pivotal research downgrades to $60 (SELL).

    Comcast (CMCSA) is gifting its streaming box, it was selling it before at $5.


Note
* Keeping a tight stop limit, there is a great risk reward ratio.
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