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Roku's Fibonacci drop analysis
Roku, Inc.
Long
Roku's Fibonacci drop analysis
By dorfmanmaster
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Sep 20, 2019
5
Sep 20, 2019
Technical analysis
OBV keeps a steady uptrend, surprisingly... Since its price has dropped about 40%.
Fibonacci retracement has its 61.8% line at $102.
We are at a SMA(100) support.
Market moving out of growth, into value.
Moving market news
Pivotal research downgrades to $60 (SELL).
Comcast (CMCSA) is gifting its streaming box, it was selling it before at $5.
Note
* Keeping a tight stop limit, there is a great risk reward ratio.
Beyond Technical Analysis
CMCSA
Growth
hulu
Technical Indicators
netflix
NEWS
On Balance Volume (OBV)
ROKU
streaming
Trend Analysis
dorfmanmaster
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