Although there is a pullback today, we think it is short lived. Roku has punched above its weight in the media industry and avoided becoming a target. Strong growth continues into the future.
-ROKU is in processs of completing Wave A-B-C with Wave A is being built and has not yet finished.
- MA200 is waiting around $53 mark, so price is expected to have a big demand at that area and might cause a short term bounce.
-If MA200 held, Wave B should have at least hit the high of Wave 5.
- Entry: ~53
- Stop loss: below MA200
- Target: high of Wave 5 @71
-...
Possible Roku Short if it break $58.
There a huge gap down move to $55.20ish but that's only if breaks down.
it's currently sitting on an old support line i have at $59.10, you can start a position here but super risky.
*** ONLY take this Short if it breaks $58***
Short Entry $58
stop $58.50
Profit $56
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ROKU
