ROKU
Daily chart looks very bearish but looking at the 1H can make you skeptical. Higher lows on the money flow while price made a triple low, Oversold hourly RSI.
Market strength or weakness will absolutely help ROKU go either direction. The lack of support is concerning for longs but this trade may already be crowded short, a reversal is in the cards if we hold here.
Keep in mind, last week first thing was a bull euphoria move which ended up turning into a bull trap that went all the way into Friday's close.
Market strength or weakness will absolutely help ROKU go either direction. The lack of support is concerning for longs but this trade may already be crowded short, a reversal is in the cards if we hold here.
Keep in mind, last week first thing was a bull euphoria move which ended up turning into a bull trap that went all the way into Friday's close.
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