Roku, Inc.
Long

ROKU quick retest of recent lows, then $150+

221
ROKU has been trading in a range for few months now. It recently made new low around $62. I’m expecting stock to retest that low in the next 2 days-2 weeks.
It’s possible stock could drop off, but I am seeing good risk/reward buy around $58-$65 range with an expectation of counter trend move all the way to $150-$180 range. If happens, it will be very sharp move.

If price closes below $52, this move becomes obsolete and instead more downside to come.

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