Roku peaked this morning at $86 and fizzled throughout the morning. I'm seeing a potential Shooting Star Bearish reversal formation. I believe we continue to drop back down today and next week close or to the $70 level, potentially to bounce off of the $73 fibonacci level. ROKU
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The above is meant to portray a buy zone around $74 or below on a pullback from here. Longterm I'd be bullish as long as it stays above the breakout and formation of the new bullish trend. However, since it had such a huge run last week a pullback is warranted. I'm short/own puts going into the week and will probably initiate a long position in the $74 area.