Just thought I'd share my analysis on Roku, leave a like if this helps, thanks!
*At the moment, price action has broken previous resistance and is currently retesting structure.
*On a successful bounce, ROKU should continue on a upward trajectory towards the 152 price point. -Keep in mind the MACD is currently beginning a bullish cycle on the 4H. So that should also be useful evidence to point to a bullish move.
⬇Got a Forex pair or Stock you want me to analyze? Let me know down in the comments below!⬇
The RSI is looking quite high at the moment, how would this play into your analysis?
illMcNasty
â‹…
@Zateman, I would wait for a few doji candles (consolidation) on lower time frames that would A, could make price action slip down a bit, and B, lead to the fall of the RSI as a whole on the 4H. Then find the best entry from there.
Zateman
â‹…
@illMcNasty, Thanks. Keeping my on the 1H chart with entry at 125 or lower.