Roku end of the 5th wave?
Been watching roku for a while now its one of my favorite stocks to trade. I strongly believe that roku has hit the end of its 5th wave. what i want to happen is the ABC correction i have shown on my chart. its highly unlikely for that scenario, However with how the market has been lately anything can happen. More realistically though, we might have a pull back pretty soon which should be expected. The RSI is pretty much overbought and the price is way above the 20MA so it might be time for Roku to start consolidating before a push higher. If it does pull back I am seeing roku pullback toward the price range of $189-$194 before it reaches new all time highs.
Let me know what you think or what i might have missed in the comments. good luck and remember to do your own research before making a trade do not go based off my analysis.
Let me know what you think or what i might have missed in the comments. good luck and remember to do your own research before making a trade do not go based off my analysis.
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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.