Description
⋅ ROKU trended up paradoxically from less than a fairly weak earnings report about November 1
'23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a
retracement. Price is now forming a head and shoulders pattern having found that support.
It is above the POC line on the evolving POC and high volume area. Based on the latter,
I believe that it now has room for the upside to $104 for about 18% potential. With a stop at
$84 below the POC line, I see this as a safe play in the areas of technology and multi-media
at a lower price than NFLX and Disney.