Expect ROKU to hit $265 a share before Thanksgiving since it has fallen below support on the 15min chart. Currently during the last hour of trading a new resistance will be tested but I believe it will fail and we are in the start of a bear cycle. I have it hitting $265 tomorrow and that is a conservative number. Could go lower, tomorrow I will decide if I sell out or hold another week. I would like to see it fall below support on a higher scale. This is a great start though and could continue for quite some time.
Comment your thoughts below, should I hold past Thanksgiving? Or should I take a small profit and run?
I respond to every users comment and love hearing from you guys so don't be shy.
Also smash the like button if you are a ROKU short.
Thanks @Myantman101 for the sharing. I am a newbie in trading and been reading stocks analysis from experienced ppl like u. I must say that I like ur analysis explanation; simple and straight forward, making it easier to understand for a newcomer like me. However, I am only trading Options for the time being; as they say "to start small"...
Myantman101
⋅
@lindasherox, Best luck to ya! But be advised, even the most experienced analyst can be wrong. So trade cautiously and do your research. Take a look at some past predictions I made, I have been wrong in the past and will continue being wrong from time to time.
lindasherox
⋅
@Myantman101, Thanks! Yup, totally understandable that predictions may sometimes be the opposite of market behaviour and have experienced a lot of misinterpretations (my own misinterpretation - I am still learning, remember? Hahaha)... I do make my own research, though not as sophisticated as yours and others, but reading from many of you helps me in understanding the possibilities of market trend better.