You all know I am Bearish on this stock. With This very obvious triple top over the last 3 weeks, my target on this is 30.22 over the next 3-6 months. Missed the entry on the breakdown of the triple top... but there are still great opportunities to short this crap haha
Haters are saying that ROKU will correct itself to an avg price of 38 dollars or so. It closed at 47 dollars today. If my chart is correct, maybe it will keep going.
With its significant gains over the past 2 days first due to an incredible earnings beat and then on news of its acquisition of a multi-room audio startup, ROKU has climbed
over 70 percent over this past week and is clearly oversold. Personally, I feel it has no real value and is fairly valued at about $19/share. In my opinion, it is an incredible short right...
finance.yahoo.com
At current run rate company is pulling in 500m in revenue growing at 50%. Prob trades at 5x P/S, a price of $25 per share today given that this is hugely hyped up. So much hype already though, best risk reward is on a dip buy.
ROKU will behave very much like SNAP and continue lower. If you only have a few products and one-and-all basically do the same thing, the growth of this company is very limited. The true value of this product is anywhere between $6-8. I will be buying put Options on this bad boy! This double top, and lower high is a great signal to fall lower and weakening in price.
