ROKU
ROKU
The company operates the #1 TV broadcasting platform in the US by hour
The share price has continued to rise since March 11, 2020, after the decline that occurred in the Nasdaq Stock Exchange due to the impact of the Covid-19 epidemic, achieving good gains, reaching the level of 485.57, at which investors began to reap some gains from previous purchases, which weakened the purchasing power and returned to the level of 294, which became Good support area for the stock
Technical signals that support the stock's continuation to rise
1- The price failed to stabilize below the level of 293.23, which acts as a support for the stock
2- Entering the fourth wave, the impulse Elliott waves, which came in the form of a positive wedge pattern, which may open the way to achieve the fifth wave
2- Positive penetration of the wedge pattern and retesting
3- Starting to form a share model on the daily frame
target levels
1- 401.84 previous resistance level with a breakout that opens the way for 485.57
2- 485.57 display area has pushed the price to the 300 levels, so please beware of it
and God is superior and knows best
Please adhere to capital management
The company operates the #1 TV broadcasting platform in the US by hour
The share price has continued to rise since March 11, 2020, after the decline that occurred in the Nasdaq Stock Exchange due to the impact of the Covid-19 epidemic, achieving good gains, reaching the level of 485.57, at which investors began to reap some gains from previous purchases, which weakened the purchasing power and returned to the level of 294, which became Good support area for the stock
Technical signals that support the stock's continuation to rise
1- The price failed to stabilize below the level of 293.23, which acts as a support for the stock
2- Entering the fourth wave, the impulse Elliott waves, which came in the form of a positive wedge pattern, which may open the way to achieve the fifth wave
2- Positive penetration of the wedge pattern and retesting
3- Starting to form a share model on the daily frame
target levels
1- 401.84 previous resistance level with a breakout that opens the way for 485.57
2- 485.57 display area has pushed the price to the 300 levels, so please beware of it
and God is superior and knows best
Please adhere to capital management
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