Roku, Inc.Corto
ROKU to test long term trend support?
Greetings All,
Please see my linked idea for the big picture. I'm simply illustrating the anticipated target on the daily chart. ROKU could reverse at (3) areas, the 50% retracement, 200MA, or the 61.8% retracement which coincides with long-term trend support. I anticipate a re-test of long-term support ($250). I also appreciate the nice $425 gap created on 23 Feb, because ROKU will close it some day.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Please see my linked idea for the big picture. I'm simply illustrating the anticipated target on the daily chart. ROKU could reverse at (3) areas, the 50% retracement, 200MA, or the 61.8% retracement which coincides with long-term trend support. I anticipate a re-test of long-term support ($250). I also appreciate the nice $425 gap created on 23 Feb, because ROKU will close it some day.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
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