ROKU has held up pretty well considering all the news of stock sell offs. A lot of people want to scare people off this stock so they can get in at a buying opportunity. It's been in the middle of the longer term main channel (dark blue lines,) and it's at the bottom of this shorter term channel (light blue.) Having a hard time breaking past 165. Everyone knows this will hit the upper end of the long term - it's just a matter of when. If we see upward momentum again tomorrow, it could break 165 and we'll be seeing 180-190. If not, we could be seeing 140 again before rebounding. Disclosure: I got in this last time around 140, so I'm hoping for it to rebound rather than drop. But if it looks bad, I'll sell and wait for a new bottom around 140 again. Good luck!
Commentaire
⋅
Funny - it hit exactly where my red arrow showed on 12/2 @ $140. Glad I got out.
Happy to see it started testing my red arrow this morning, but rebounded and riding along the green arrow. Will be interesting to see what the weekend brings.