ncontelmo

ROKU head and shoulders PT $130

Short
NASDAQ:ROKU   Roku, Inc.
Roku looks like it has developed a Head and shoulders pattern and is currently trading on its support trend line. I expect a pop back to the neckline and then a confirmation down which should bring Roku to roughly ~$145 which has a ton of volume. This should create consolidation that once lost, will move ROKU to $130. Long side, we should see a break above the neckline and head to $165
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