ROKU - Mixed Signals - Weekly ViewThis chart is a Weekly view continuation of the Daily view chart posted below.
ROKU showing a sell signal on Weekly, which is one of the best trends to watch for options entries IMO.
RSI trend on Weekly view has broken down.
Next trend on Weekly is bearish.
Hash Ribbons (newer indicator) show that selling has started and capitulation should increase. Fairly accurate indicator when used with others together.
Since we are seeing the trend on Weekly look bearish, I will stay in this position or add one more spread.
I will do my best to update as I exit or if things change. ROKU can be choppy so please have your stops/sell points set ahead of time if you enter.
Hard to time once things are moving.
Daily View ROKU chart from today.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY , AAPL, ROKU
