ROKU - Finding Some Buyers
ROKU has pulled back since hitting my first price target level & gapped down today after an earnings report. The stock has since gone green on the day seemingly finding support on the bearish magenta trendline that used to be resistance but may now have turned into support. Stock price has also found previous gap resistance that can now be acting as support.
Note
ROKU broke through the initial price target on November 15th. Bullish momentum continues. Let's see if it can get to that second price target. Have to tighten stops so we don't give back too much in profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.