I like spotting a good hanging man after a parabolic run. Roku has been on a bull run with robust growth prospects in OTT, launching new products, and analyst upgrades. Personally think it's way overdone and price is higher than most analysts have it. Shorting a parabolic run is dangerous but can be rewarding as pull backs can be fast and profitable.
Note
CEO and Chairman are selling stock up here: finance.yahoo.com/news/roku-inc-roku-ceo-chairman-031503993.html
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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.