ROKU
Stock action up or down - we'll know soonI'm LONG $ROKU at this level, even though there's a chance (maybe even a high one) that the stock could drop down to the $140 level, I know, beyond a doubt that it will bounce back up. If the stock doesn't drop from this level of support, then I expect a big move north, to $155-157, and possibly higher.
Swing traders in LONG should hold as it's not a loss until you go flat. Short positions, be cautious because your ultimate payout levels are low 140 and in the best-case scenario, you could get down to $130 (however, this would be very suprising if that was the case).
Ark NextGen Internet ETFPrice has not been able to close below the 20ema since early April. It has tested it 4 times; today is the 4th test.
Taking into account the measured move from the past times we tested the 20ema, it should take around 7 trading days to get to the sell-target.
Happy & successful trading,
dorfmaester