ROKU trended up paradoxically from less than a fairly weak earnings report about November 1
'23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a
retracement. Price is now forming a head and shoulders pattern having found that support.
It is above the POC line on the evolving POC and high volume area. Based on the latter,
I believe that it now has room for the upside to $104 for about 18% potential. With a stop at
$84 below the POC line, I see this as a safe play in the areas of technology and multi-media
at a lower price than NFLX and Disney.
'23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a
retracement. Price is now forming a head and shoulders pattern having found that support.
It is above the POC line on the evolving POC and high volume area. Based on the latter,
I believe that it now has room for the upside to $104 for about 18% potential. With a stop at
$84 below the POC line, I see this as a safe play in the areas of technology and multi-media
at a lower price than NFLX and Disney.
Trade active
This is an interesting read finance.yahoo.com/news/roku-stock-beaten-down-now-143300670.htmlTrade active
Holding full position as price moves slowly up.Note
CEO sells just in the nick of time tradingview.com/news/mtnewswires.com:20240214:A3077953:0/
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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.