ROKU
ROKU Looking Bullish 📈Just thought I'd share my analysis on Roku, leave a like if this helps, thanks!
At the moment, price action has broken previous resistance and is currently retesting structure.
On a successful bounce, ROKU should continue on a upward trajectory towards the 152 price point.
- Keep in mind the MACD is currently beginning a bullish cycle on the 4H. So that should also be useful evidence to point to a bullish move.
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ROKU wave 5 for swing tradeROKU might be setting up for a wave 5 upward. Price is at the 200sma and seems to have support at this level in the last few trading sessions. A breakout and takeout of the last bearish volume is what I expect next trading session. Entry is the break above last bearish candle with a stop below. If trade is not triggered I will cancel unless a hammer candle forms, and will change my entry to just above the hammer with stop below.