Short this stock right? Wrong! ❌
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. horizontal price levels are working pretty good on the stock
2. globally stock in an uptrend locally in a downtrend
3. the level confirmed by touch and false breakdown
4. distant test of the level
5. approached with big bars
6. the stock made a move down 44.49% from the highest point
7. there was no accumulation
8. the stock closed above the level
9. from this level was made a move to all-time high
10. the stock has room for a move 1 to 5.1
11. broken model descending highs
12. Roku Announces $15 Roku LE Streaming Player Exclusively at Walmart for Black Friday on November 15
13. price came from the upper side, and we can see that someone does not let the stock go lower
14. the stock has the potential for a big move
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
Please, support our work with ❤️
1. horizontal price levels are working pretty good on the stock
2. globally stock in an uptrend locally in a downtrend
3. the level confirmed by touch and false breakdown
4. distant test of the level
5. approached with big bars
6. the stock made a move down 44.49% from the highest point
7. there was no accumulation
8. the stock closed above the level
9. from this level was made a move to all-time high
10. the stock has room for a move 1 to 5.1
11. broken model descending highs
12. Roku Announces $15 Roku LE Streaming Player Exclusively at Walmart for Black Friday on November 15
13. price came from the upper side, and we can see that someone does not let the stock go lower
14. the stock has the potential for a big move
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
Please, support our work with ❤️
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