dorfmanmaster

ROKU - Will it fill the gap?

dorfmanmaster Updated   
NASDAQ:ROKU   Roku, Inc
Today's market showed some breath, specially for software. Which is normally a growth>value story.

$118 is the closing gap resistance.

Important market sentiment:
Tomorrow October 4th will be a deciding move, as we get the employment report before the open (8:30am ET).

With recent continued weak manufacturing data, this employment data could tell us if a recession is coming, and more importantly (short-term), if the FOMC is going to cut rates again.
The market has the cut now priced with a probability of 90% at the end of this month.
Comment: Just filled the GAP on bullish headlines!!

Fair value target analyst at $130
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