Greetings All,
ROKU broke to the upside from two separate trend resistances and a small period of consolidation. The breakout has strong volume with price above the 20, 50, and 100 MA. I also like the bullish divergences on the OBV, VWMACD, and MFI. Targeting the $440 gap fill, but closely watching the bearish divergence on the MACD. I wonder if we'll experience a run-up prior to earnings report in August? Only time will tell.
Happy Trading!
ROKU broke to the upside from two separate trend resistances and a small period of consolidation. The breakout has strong volume with price above the 20, 50, and 100 MA. I also like the bullish divergences on the OBV, VWMACD, and MFI. Targeting the $440 gap fill, but closely watching the bearish divergence on the MACD. I wonder if we'll experience a run-up prior to earnings report in August? Only time will tell.
Happy Trading!
Note
Check out all this upside potential on the weekly charts!Weekly Chart:
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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.